PineBridge Investments L.P. increased its stake in shares of Insperity Inc. (NYSE:NSP) by 4.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,061 shares of the company’s stock after buying an additional 87 shares during the period. PineBridge Investments L.P.’s holdings in Insperity were worth $159,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Insperity by 30.6% in the second quarter. Vanguard Group Inc. now owns 1,581,933 shares of the company’s stock valued at $122,173,000 after buying an additional 370,395 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Insperity by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 890,308 shares of the company’s stock valued at $68,757,000 after buying an additional 3,531 shares during the last quarter. Acadian Asset Management LLC raised its position in Insperity by 44.6% in the second quarter. Acadian Asset Management LLC now owns 740,042 shares of the company’s stock valued at $57,155,000 after buying an additional 228,193 shares during the last quarter. Copper Rock Capital Partners LLC raised its position in Insperity by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 468,990 shares of the company’s stock valued at $36,220,000 after buying an additional 7,257 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Insperity by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 374,184 shares of the company’s stock valued at $28,899,000 after buying an additional 5,586 shares during the last quarter. 82.24% of the stock is owned by institutional investors.
Insperity Inc. (NYSE:NSP) opened at 72.64 on Friday. Insperity Inc. has a one year low of $41.83 and a one year high of $82.18. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 27.45 and a beta of 1.08. The firm has a 50-day moving average of $68.67 and a 200-day moving average of $66.74.
Insperity (NYSE:NSP) last released its quarterly earnings data on Monday, August 1st. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $707.33 million for the quarter, compared to analyst estimates of $720.85 million. Insperity had a net margin of 2.17% and a return on equity of 50.25%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 EPS. Analysts anticipate that Insperity Inc. will post $3.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $1.00 annualized dividend and a yield of 1.38%. Insperity’s dividend payout ratio is presently 36.76%.
Several equities analysts recently weighed in on NSP shares. Zacks Investment Research lowered shares of Insperity from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. First Analysis lowered shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 target price on the stock. in a report on Thursday, July 7th.
In other news, Director Michael W. Brown sold 20,513 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $67.02, for a total transaction of $1,374,781.26. Following 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 accessible through the SEC website. Also, SVP Daniel D. Herink sold 3,000 shares of the 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 transaction, the senior vice president now owns 32,048 shares in the company, valued at approximately $2,139,204. The disclosure for this sale can be found here. 27.47% of the stock is currently owned by company insiders.
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.
Want to see what other hedge funds are holding NSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insperity Inc. (NYSE:NSP).
Receive News & Ratings for Insperity Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insperity Inc. and related companies with MarketBeat.com's FREE daily email newsletter.