AHL Partners LLP Cuts Stake in Insperity, Inc. (NSP)
AHL Partners LLP cut its position in Insperity, Inc. (NYSE:NSP) by 42.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,766 shares of the business services provider’s stock after selling 48,793 shares during the period. AHL Partners LLP owned approximately 0.32% of Insperity worth $4,740,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in shares of Insperity by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 217 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Insperity in the first quarter valued at about $120,000. Meeder Asset Management Inc. acquired a new position in shares of Insperity in the first quarter valued at about $129,000. Profund Advisors LLC increased its holdings in shares of Insperity by 18.0% in the second quarter. Profund Advisors LLC now owns 3,045 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 465 shares during the period. Finally, Suntrust Banks Inc. increased its holdings in shares of Insperity by 1.6% in the second quarter. Suntrust Banks Inc. now owns 3,457 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 53 shares during the period. 79.71% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on NSP. BidaskClub lowered Insperity from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Roth Capital upgraded Insperity from a “neutral” rating to a “buy” rating and upped their target price for the stock from $84.00 to $92.00 in a research note on Tuesday, August 1st. Finally, Zacks Investment Research downgraded Insperity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Insperity currently has an average rating of “Hold” and a consensus target price of $94.00.
Shares of Insperity, Inc. (NYSE NSP) opened at 92.80 on Friday. The stock has a 50 day moving average price of $83.32 and a 200-day moving average price of $80.93. The stock has a market cap of $1.93 billion, a P/E ratio of 26.88 and a beta of 0.79. Insperity, Inc. has a 52 week low of $64.55 and a 52 week high of $93.85.
Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.14. The firm had revenue of $795.50 million for the quarter, compared to analysts’ expectations of $778.88 million. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Equities analysts predict that Insperity, Inc. will post $4.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Thursday, September 7th. Insperity’s dividend payout ratio (DPR) is presently 34.68%.
In related news, EVP Jay E. Mincks sold 859 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $84.60, for a total value of $72,671.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Richard G. Rawson sold 51,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $84.94, for a total value of $4,331,940.00. Following the completion of the transaction, the president now owns 128,868 shares in the company, valued at approximately $10,946,047.92. The disclosure for this sale can be found here. Insiders sold a total of 114,401 shares of company stock worth $9,642,153 in the last 90 days. 27.47% of the stock is currently owned by insiders.
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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