Insperity, Inc. (NSP) Shares Bought by Brown Advisory Inc.
Brown Advisory Inc. lifted its position in Insperity, Inc. (NYSE:NSP) by 31.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,692 shares of the business services provider’s stock after acquiring an additional 1,608 shares during the period. Brown Advisory Inc.’s holdings in Insperity were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in Insperity by 4.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 173,802 shares of the business services provider’s stock worth $15,295,000 after buying an additional 8,184 shares in the last quarter. Wells Fargo & Company MN lifted its position in Insperity by 22.2% during the third quarter. Wells Fargo & Company MN now owns 101,523 shares of the business services provider’s stock worth $8,935,000 after buying an additional 18,450 shares in the last quarter. Amalgamated Bank purchased a new position in Insperity during the third quarter worth approximately $220,000. JPMorgan Chase & Co. lifted its position in Insperity by 6.2% during the third quarter. JPMorgan Chase & Co. now owns 403,874 shares of the business services provider’s stock worth $35,197,000 after buying an additional 23,527 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Insperity by 7.8% during the third quarter. Legal & General Group Plc now owns 38,243 shares of the business services provider’s stock worth $3,364,000 after buying an additional 2,757 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
In other Insperity news, President Richard G. Rawson sold 8,419 shares of Insperity stock in a transaction on Monday, November 20th. The stock was sold at an average price of $114.84, for a total value of $966,837.96. Following the sale, the president now owns 97,410 shares in the company, valued at $11,186,564.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur A. Arizpe sold 5,000 shares of Insperity stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $117.01, for a total value of $585,050.00. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 586,667 shares of company stock worth $105,600 and sold 357,209 shares worth $14,933,644. 13.92% of the stock is owned by insiders.
Shares of Insperity are set to split on Monday, December 18th. The 2-1 split was announced on Thursday, November 16th. The newly issued shares will be distributed to shareholders after the market closes on Friday, December 15th.
Insperity (NYSE:NSP) last posted its earnings results on Wednesday, November 1st. The business services provider reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.16. Insperity had a return on equity of 94.38% and a net margin of 2.43%. The company had revenue of $795.50 million for the quarter, compared to the consensus estimate of $786.44 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. equities analysts predict that Insperity, Inc. will post 4.03 EPS for the current fiscal year.
Insperity announced that its board has approved a share buyback plan on Thursday, November 16th that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, December 1st. Insperity’s dividend payout ratio is currently 32.35%.
A number of equities analysts recently commented on the company. BidaskClub downgraded Insperity from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. SunTrust Banks reiterated a “hold” rating and set a $110.00 price objective on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. Zacks Investment Research downgraded Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reiterated a “buy” rating and set a $112.00 price objective on shares of Insperity in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $101.20.
Insperity Company Profile
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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