First National Bank of Hutchinson Sells 133 Shares of Insperity Inc. (NSP)
First National Bank of Hutchinson cut its stake in shares of Insperity Inc. (NYSE:NSP) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,999 shares of the company’s stock after selling 133 shares during the period. First National Bank of Hutchinson’s holdings in Insperity were worth $438,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in NSP. Norges Bank acquired a new stake in Insperity during the fourth quarter valued at approximately $14,076,000. Acadian Asset Management LLC increased its stake 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 period. Loomis Sayles & Co. L P increased its stake in Insperity by 72,179.5% in the first quarter. Loomis Sayles & Co. L P now owns 176,362 shares of the company’s stock valued at $9,123,000 after buying an additional 176,118 shares during the period. TIAA CREF Investment Management LLC increased its stake in Insperity by 23.0% in the first quarter. TIAA CREF Investment Management LLC now owns 141,407 shares of the company’s stock valued at $7,315,000 after buying an additional 26,424 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in Insperity by 57.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 72,540 shares of the company’s stock valued at $3,752,000 after buying an additional 26,380 shares during the period. 82.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of Insperity Inc. (NYSE:NSP) traded up 1.57% during mid-day trading on Monday, reaching $71.61. 399,245 shares of the company were exchanged. Insperity Inc. has a 12 month low of $41.77 and a 12 month high of $82.18. The stock has a market capitalization of $1.53 billion, a P/E ratio of 27.06 and a beta of 1.08. The stock has a 50 day moving average price of $67.24 and a 200-day moving average price of $65.44.
Insperity (NYSE:NSP) last released its quarterly earnings data on Monday, August 1st. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Insperity had a net margin of 2.17% and a return on equity of 50.25%. The company had revenue of $707.33 million for the quarter, compared to analysts’ expectations of $720.85 million. During the same quarter last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts predict that Insperity Inc. will post $3.53 earnings per share for the current year.
The business 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 is Thursday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. Insperity’s payout ratio is currently 36.76%.
NSP has been the topic of several recent research reports. First Analysis downgraded shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 price objective on the stock. in a report on Thursday, July 7th. Zacks Investment Research downgraded shares of Insperity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th.
In other Insperity news, Director Michael W. Brown sold 20,513 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 16,058 shares of the company’s stock, valued at $1,076,207.16. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel D. Herink sold 3,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 32,048 shares in the company, valued at approximately $2,139,204. The disclosure for this sale can be found here. Company 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.
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 Analyst Ratings Network's FREE daily email newsletter.