State Board of Administration of Florida Retirement System Sells 205 Shares of Insperity Inc. (NSP)
State Board of Administration of Florida Retirement System lowered its stake in Insperity Inc. (NYSE:NSP) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 15,554 shares of the company’s stock after selling 205 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.07% of Insperity worth $1,201,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Insperity during the fourth quarter worth approximately $14,076,000. Glenmede Trust Co. NA boosted its stake in shares of Insperity by 0.4% in the first quarter. Glenmede Trust Co. NA now owns 5,046 shares of the company’s stock worth $259,000 after buying an additional 22 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Insperity by 10.3% in the first quarter. Aperio Group LLC now owns 4,986 shares of the company’s stock worth $258,000 after buying an additional 467 shares in the last quarter. Nisa Investment Advisors L.L.C. boosted its stake in shares of Insperity by 109.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,100 shares of the company’s stock worth $833,000 after buying an additional 8,400 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Insperity by 23.0% in the first quarter. TIAA CREF Investment Management LLC now owns 141,407 shares of the company’s stock worth $7,315,000 after buying an additional 26,424 shares in the last quarter. Institutional investors and hedge funds own 82.24% of the company’s stock.
Insperity Inc. (NYSE:NSP) traded up 2.72% during mid-day trading on Wednesday, hitting $73.27. 237,781 shares of the stock were exchanged. Insperity Inc. has a 52 week low of $41.77 and a 52 week high of $82.18. The stock’s 50-day moving average is $67.35 and its 200 day moving average is $65.61. The company has a market capitalization of $1.57 billion, a PE ratio of 27.69 and a beta of 1.08.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. The business earned $707.33 million during 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%. Insperity’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 EPS. On average, analysts anticipate that Insperity Inc. will post $3.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 19th will be paid 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 1.36%. Insperity’s dividend payout ratio (DPR) is presently 36.76%.
A number of analysts have commented on NSP shares. Zacks Investment Research cut shares of Insperity from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th. First Analysis cut shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 price target for the company. in a research note on Thursday, July 7th.
In other news, SVP Daniel D. Herink sold 3,000 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $66.75, for a total value of $200,250.00. Following the completion of the sale, the senior vice president now owns 32,048 shares in the company, valued at approximately $2,139,204. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jay E. Mincks sold 2,000 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $69.00, for a total transaction of $138,000.00. 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.
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