Oppenheimer & Co. Inc. held its stake in Insperity Inc. (NYSE:NSP) during the second quarter, according to its most recent filing with the SEC. The fund owned 4,000 shares of the company’s stock at the end of the second quarter. Oppenheimer & Co. Inc.’s holdings in Insperity were worth $309,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of NSP. Glenmede Trust Co. NA increased its stake in Insperity by 0.4% in the first quarter. Glenmede Trust Co. NA now owns 5,046 shares of the company’s stock valued at $259,000 after buying an additional 22 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Insperity by 0.6% in the second quarter. Nisa Investment Advisors LLC now owns 16,200 shares of the company’s stock valued at $1,251,000 after buying an additional 100 shares during the last quarter. Eqis Capital Management Inc. increased its stake in Insperity by 1.3% in the second quarter. Eqis Capital Management Inc. now owns 8,876 shares of the company’s stock valued at $685,000 after buying an additional 114 shares during the last quarter. Synovus Financial Corp increased its stake in Insperity by 0.5% in the second quarter. Synovus Financial Corp now owns 27,681 shares of the company’s stock valued at $2,137,000 after buying an additional 128 shares during the last quarter. Finally, BlackRock Japan Co. Ltd increased its stake in Insperity by 24.5% in the first quarter. BlackRock Japan Co. Ltd now owns 2,362 shares of the company’s stock valued at $122,000 after buying an additional 465 shares during the last quarter. 82.24% of the stock is owned by institutional investors and hedge funds.
Shares of Insperity Inc. (NYSE:NSP) traded up 2.58% during midday trading on Wednesday, hitting $73.17. The company had a trading volume of 171,807 shares. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 27.65 and a beta of 1.08. The stock’s 50-day moving average price is $67.35 and its 200-day moving average price is $65.61. Insperity Inc. has a 12 month low of $41.77 and a 12 month high of $82.18.
Insperity (NYSE:NSP) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $707.33 million for the quarter, compared to the consensus estimate of $720.85 million. During the same period in the previous year, the business earned $0.42 EPS. Insperity’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities research analysts forecast that Insperity Inc. will post $3.53 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 19th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.00 annualized dividend and a yield of 1.40%. Insperity’s dividend payout ratio is presently 36.76%.
Several brokerages recently weighed in on NSP. Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a report on Wednesday, August 3rd. First Analysis downgraded 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.
In other Insperity news, 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 transaction of $138,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 sale, the director now owns 16,058 shares in the company, valued at $1,076,207.16. The disclosure for this sale can be found here. Company insiders own 27.47% of the company’s stock.
Insperity Company Profile
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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