Public Employees Retirement System of Ohio cut its stake in Insperity Inc (NYSE:NSP) by 26.7% in the fourth quarter, HoldingsChannel reports. The firm owned 8,284 shares of the business services provider’s stock after selling 3,011 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Insperity were worth $773,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Brasada Capital Management LP purchased a new position in shares of Insperity during the fourth quarter worth $29,000. Ffcm LLC acquired a new stake in shares of Insperity in the fourth quarter valued at $34,000. Bremer Trust National Association acquired a new stake in shares of Insperity in the fourth quarter valued at $48,000. Quantamental Technologies LLC acquired a new stake in shares of Insperity in the fourth quarter valued at $65,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Insperity in the fourth quarter valued at $97,000. Institutional investors and hedge funds own 82.83% of the company’s stock.
In other Insperity news, Director John M. Morphy sold 650 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $127.30, for a total value of $82,745.00. Following the sale, the director now directly owns 3,718 shares in the company, valued at $473,301.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Arthur A. Arizpe sold 8,000 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $130.00, for a total value of $1,040,000.00. Following the completion of the sale, the executive vice president now owns 42,633 shares in the company, valued at $5,542,290. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,974 shares of company stock worth $16,911,882. Insiders own 9.58% of the company’s stock.
Shares of NYSE NSP opened at $129.39 on Monday. The firm has a market capitalization of $5.31 billion, a PE ratio of 38.39, a P/E/G ratio of 1.77 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.12 and a current ratio of 1.12. Insperity Inc has a 12-month low of $71.20 and a 12-month high of $132.50.
Insperity (NYSE:NSP) last announced its quarterly earnings data on Monday, February 11th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. The business had revenue of $966.80 million for the quarter, compared to analysts’ expectations of $959.22 million. Insperity had a return on equity of 126.19% and a net margin of 3.52%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. As a group, analysts anticipate that Insperity Inc will post 4.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.30 dividend. This is a boost from Insperity’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, March 13th. Insperity’s dividend payout ratio (DPR) is presently 35.61%.
Several brokerages have recently issued reports on NSP. ValuEngine upgraded Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Zacks Investment Research cut Insperity from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Roth Capital increased their price objective on Insperity from $134.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, February 19th. Finally, SunTrust Banks increased their price objective on Insperity to $129.00 and gave the company a “hold” rating in a research note on Tuesday, February 12th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $123.80.
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Insperity Company Profile
Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.
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