According to Zacks, “Insperity is well placed to benefit from the booming PEO industry over the long run. Moreover, improved client retention, diversified product portfolio, growth in worksite employees and strength in its ancillary products are the other positives. However, a sluggish global macro environment can lead to headcount reductions at client companies. Also, any increase in health care costs can mar its profitability to a great extent.”
Separately, First Analysis cut Insperity from an overweight rating to an equal weight rating and set a $84.00 price target for the company. in a report on Thursday, July 7th.
Insperity (NYSE:NSP) opened at 73.83 on Monday. The company’s 50 day moving average price is $68.85 and its 200-day moving average price is $67.13. Insperity has a one year low of $41.83 and a one year high of $82.18. The company has a market cap of $1.58 billion, a P/E ratio of 27.90 and a beta of 1.00.
Insperity (NYSE:NSP) last issued its earnings results on Monday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $707.33 million for the quarter, compared to the consensus estimate of $720.85 million. Insperity had a return on equity of 50.25% and a net margin of 2.17%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. On average, analysts forecast that Insperity will post $3.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, September 15th. Insperity’s dividend payout ratio is presently 36.76%.
In other news, Director Michael W. Brown sold 20,513 shares of Insperity stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $67.02, for a total value of $1,374,781.26. Following the completion of the transaction, the director now owns 16,058 shares in the company, valued at approximately $1,076,207.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jay E. Mincks sold 2,000 shares of Insperity stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $69.00, for a total value of $138,000.00. The disclosure for this sale can be found here. Company insiders own 27.47% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Insperity by 30.6% in the second quarter. Vanguard Group Inc. now owns 1,581,933 shares of the company’s stock worth $122,173,000 after buying an additional 370,395 shares during the period. BlackRock Fund Advisors boosted its position in shares of Insperity by 2.1% in the second quarter. BlackRock Fund Advisors now owns 1,025,914 shares of the company’s stock worth $79,231,000 after buying an additional 21,476 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Insperity by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 890,308 shares of the company’s stock worth $68,757,000 after buying an additional 3,531 shares during the period. Acadian Asset Management LLC boosted its position in shares of Insperity by 44.6% in the second quarter. Acadian Asset Management LLC now owns 740,042 shares of the company’s stock worth $57,155,000 after buying an additional 228,193 shares during the period. Finally, Numeric Investors LLC boosted its position in shares of Insperity by 969.7% in the second quarter. Numeric Investors LLC now owns 682,470 shares of the company’s stock worth $52,707,000 after buying an additional 618,670 shares during the period. Hedge funds and other institutional investors own 82.24% of the company’s stock.
Insperity, Inc (Insperity) provides an array 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, government compliance, performance management, and training and development services.
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