Royce & Associates LP Maintains Holdings in Insperity, Inc. (NSP)
Royce & Associates LP maintained its position in shares of Insperity, Inc. (NYSE:NSP) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,239 shares of the business services provider’s stock at the end of the 2nd quarter. Royce & Associates LP owned about 0.14% of Insperity worth $2,076,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in Insperity by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 217 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Insperity during the 1st quarter valued at approximately $120,000. Meeder Asset Management Inc. purchased a new stake in Insperity during the 1st quarter valued at approximately $129,000. Bank of Montreal Can raised its stake in Insperity by 1.1% during the 1st quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 19 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in Insperity by 172.8% during the 1st quarter. LS Investment Advisors LLC now owns 1,972 shares of the business services provider’s stock valued at $175,000 after acquiring an additional 1,249 shares during the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.
Shares of Insperity, Inc. (NSP) opened at 80.95 on Wednesday. Insperity, Inc. has a 1-year low of $64.55 and a 1-year high of $93.65. The stock has a market capitalization of $1.69 billion, a P/E ratio of 23.44 and a beta of 0.77. The firm’s 50-day moving average price is $80.40 and its 200 day moving average price is $80.97.
Insperity (NYSE:NSP) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.14. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The company had revenue of $795.50 million during the quarter, compared to the consensus estimate of $778.88 million. During the same period in the previous year, the firm posted $0.60 earnings per share. Insperity’s quarterly revenue was up 12.5% compared to the same quarter last year. Analysts expect that Insperity, Inc. will post $4.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. Insperity’s dividend payout ratio (DPR) is presently 34.68%.
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In other news, President Richard G. Rawson sold 22,257 shares of Insperity stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $84.40, for a total transaction of $1,878,490.80. Following the sale, the president now owns 118,152 shares of the company’s stock, valued at $9,972,028.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Richard G. Rawson sold 51,000 shares of Insperity stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $84.94, for a total value of $4,331,940.00. Following the sale, the president now directly owns 128,868 shares in the company, valued at approximately $10,946,047.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,310 shares of company stock worth $8,928,263. Corporate insiders own 13.92% of the company’s stock.
Several research firms have commented on NSP. BidaskClub downgraded Insperity from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Monday, August 7th. Finally, Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and upped their price objective for the company from $84.00 to $92.00 in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $94.00.
Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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