Tyers Asset Management LLC Grows Position in Insperity Inc (NYSE:NSP)
Tyers Asset Management LLC raised its holdings in Insperity Inc (NYSE:NSP) by 9.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,624 shares of the business services provider’s stock after purchasing an additional 384 shares during the quarter. Tyers Asset Management LLC’s holdings in Insperity were worth $565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Advisory Services Network LLC grew its stake in Insperity by 12.9% in the second quarter. Advisory Services Network LLC now owns 903 shares of the business services provider’s stock worth $110,000 after purchasing an additional 103 shares in the last quarter. Pitcairn Co. grew its stake in shares of Insperity by 2.7% during the 2nd quarter. Pitcairn Co. now owns 4,921 shares of the business services provider’s stock worth $601,000 after acquiring an additional 128 shares during the period. Advisors Preferred LLC grew its stake in shares of Insperity by 68.8% during the 2nd quarter. Advisors Preferred LLC now owns 351 shares of the business services provider’s stock worth $44,000 after acquiring an additional 143 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Insperity by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 15,409 shares of the business services provider’s stock worth $1,882,000 after purchasing an additional 213 shares during the period. Finally, Westside Investment Management Inc. purchased a new stake in shares of Insperity in the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 84.78% of the company’s stock.
A number of equities research analysts have recently weighed in on NSP shares. ValuEngine lowered Insperity from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Roth Capital dropped their price objective on Insperity from $147.00 to $138.00 in a research note on Tuesday, July 30th. Finally, Robert W. Baird set a $141.00 target price on Insperity and gave the stock a “buy” rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $135.25.
NSP stock traded up $0.80 during trading on Friday, hitting $102.96. The stock had a trading volume of 6,931 shares, compared to its average volume of 440,557. The stock has a market capitalization of $4.14 billion, a P/E ratio of 30.55, a PEG ratio of 1.37 and a beta of 1.10. The company’s 50-day moving average price is $102.55 and its two-hundred day moving average price is $117.86. Insperity Inc has a twelve month low of $86.63 and a twelve month high of $144.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.19 and a quick ratio of 1.19.
Insperity (NYSE:NSP) last announced its earnings results on Monday, July 29th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.14. Insperity had a return on equity of 136.63% and a net margin of 4.04%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, sell-side analysts expect that Insperity Inc will post 4.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 9th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.17%. Insperity’s payout ratio is currently 35.61%.
Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.
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