Mawer Investment Management Ltd. acquired a new stake in Insperity Inc (NYSE:NSP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 197,900 shares of the business services provider’s stock, valued at approximately $17,544,000.
A number of other large investors also recently added to or reduced their stakes in the company. Weiss Asset Management LP bought a new stake in Insperity during the third quarter valued at approximately $232,000. Principal Financial Group Inc. raised its stake in Insperity by 7.5% in the third quarter. Principal Financial Group Inc. now owns 367,433 shares of the business services provider’s stock valued at $26,690,000 after buying an additional 25,663 shares in the last quarter. SG Americas Securities LLC bought a new stake in Insperity during the third quarter valued at approximately $347,000. Ameriprise Financial Inc. raised its stake in Insperity by 16.3% in the third quarter. Ameriprise Financial Inc. now owns 155,074 shares of the business services provider’s stock valued at $11,262,000 after buying an additional 21,701 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in Insperity by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,600 shares of the business services provider’s stock valued at $262,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 83.11% of the company’s stock.
Insperity Inc (NYSE:NSP) traded up 0.19% during midday trading on Friday, reaching $79.80. The company’s stock had a trading volume of 208,824 shares. The stock has a market cap of $1.68 billion, a P/E ratio of 24.64 and a beta of 0.83. Insperity Inc has a 12-month low of $64.55 and a 12-month high of $93.65. The stock’s 50 day moving average is $85.64 and its 200 day moving average is $78.52.
Insperity (NYSE:NSP) last released its earnings results on Monday, May 1st. The business services provider reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.02. The business had revenue of $882.66 million for the quarter, compared to analyst estimates of $887.37 million. Insperity had a return on equity of 100.38% and a net margin of 2.22%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share. Analysts anticipate that Insperity Inc will post $4.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 30th. Stockholders of record on Monday, May 15th will be issued a $0.30 dividend. The ex-dividend date is Thursday, May 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.51%. This is a positive change from Insperity’s previous quarterly dividend of $0.25. Insperity’s payout ratio is presently 32.36%.
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Several equities research analysts have commented on the company. Zacks Investment Research lowered Insperity from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. Robert W. Baird restated an “outperform” rating and issued a $92.00 price objective (up previously from $74.00) on shares of Insperity in a research report on Thursday, February 16th. Roth Capital lowered Insperity from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 14th. Finally, First Analysis upgraded Insperity from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $84.00 to $98.00 in a research report on Monday, February 13th.
In related news, EVP Jay E. Mincks sold 6,000 shares of Insperity stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $90.63, for a total value of $543,780.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter A. Feld sold 75,000 shares of Insperity stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $83.53, for a total value of $6,264,750.00. Following the completion of the sale, the director now owns 4,841 shares in the company, valued at $404,368.73. The disclosure for this sale can be found here. In the last three months, insiders sold 156,128 shares of company stock worth $13,364,432. Corporate insiders own 27.47% of the company’s stock.
Insperity, Inc provides a range 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, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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