Strs Ohio increased its position in Insperity Inc. (NYSE:NSP) by 138.0% during the second quarter, Holdings Channel reports. The institutional investor owned 12,500 shares of the company’s stock after buying an additional 7,247 shares during the period. Strs Ohio’s holdings in Insperity were worth $965,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BlackRock Japan Co. Ltd increased its position in Insperity by 24.5% in the first quarter. BlackRock Japan Co. Ltd now owns 2,362 shares of the company’s stock worth $122,000 after buying an additional 465 shares during the last quarter. Bank of Montreal Can acquired a new position in Insperity during the second quarter worth about $136,000. Aperio Group LLC increased its position in Insperity by 10.3% in the first quarter. Aperio Group LLC now owns 4,986 shares of the company’s stock worth $258,000 after buying an additional 467 shares during the last quarter. Glenmede Trust Co. NA increased its position in Insperity by 0.4% in the first quarter. Glenmede Trust Co. NA now owns 5,046 shares of the company’s stock worth $259,000 after buying an additional 22 shares during the last quarter. Finally, Barclays PLC acquired a new position in Insperity during the first quarter worth about $362,000. 82.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Insperity Inc. (NYSE:NSP) traded up 0.04% during mid-day trading on Friday, hitting $73.98. 95,674 shares of the company were exchanged. Insperity Inc. has a 12-month low of $41.83 and a 12-month high of $82.18. The firm has a 50 day moving average of $70.79 and a 200 day moving average of $68.25. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 27.96 and a beta of 1.01.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. Insperity had a return on equity of 50.25% and a net margin of 2.17%. The business earned $707.33 million during the quarter, compared to the consensus estimate of $720.85 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. Insperity’s revenue was up 12.7% compared to the same quarter last year. Equities research analysts forecast that Insperity Inc. will post $3.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, September 15th. This represents a $1.00 annualized dividend and a yield of 1.35%. Insperity’s dividend payout ratio (DPR) is currently 36.76%.
A number of research firms have issued reports on NSP. First Analysis downgraded shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 target price on the stock. in a research report on Thursday, July 7th. Zacks Investment Research downgraded shares of Insperity from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th.
In related news, SVP Daniel D. Herink sold 3,000 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $66.75, for a total transaction of $200,250.00. Following the completion of the sale, the senior vice president now owns 32,048 shares in the company, valued at $2,139,204. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jay E. Mincks sold 2,000 shares of the company’s stock in a transaction 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. Corporate insiders own 27.47% 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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