Algert Global LLC Takes $2.97 Million Position in Insperity, Inc. (NSP)
Algert Global LLC bought a new position in Insperity, Inc. (NYSE:NSP) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 33,772 shares of the business services provider’s stock, valued at approximately $2,972,000. Insperity accounts for 0.7% of Algert Global LLC’s investment portfolio, making the stock its 25th biggest position. Algert Global LLC owned about 0.16% of Insperity at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. California Public Employees Retirement System raised its position in Insperity by 2.5% during the 3rd quarter. California Public Employees Retirement System now owns 53,930 shares of the business services provider’s stock valued at $4,746,000 after purchasing an additional 1,308 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Insperity by 45.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,103 shares of the business services provider’s stock valued at $801,000 after purchasing an additional 2,860 shares in the last quarter. Caxton Associates LP bought a new stake in Insperity during the 3rd quarter valued at $431,000. Allianz Asset Management GmbH raised its position in Insperity by 7.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 161,139 shares of the business services provider’s stock valued at $14,180,000 after purchasing an additional 11,469 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in Insperity by 31.6% during the 3rd quarter. Brown Advisory Inc. now owns 6,692 shares of the business services provider’s stock valued at $589,000 after purchasing an additional 1,608 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.
A number of equities research analysts have weighed in on the company. BidaskClub lowered Insperity from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. SunTrust Banks reissued a “hold” rating and issued a $110.00 price target on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. Zacks Investment Research lowered Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reissued a “buy” rating and issued a $112.00 price target on shares of Insperity in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Insperity currently has an average rating of “Hold” and an average price target of $101.20.
Shares of Insperity, Inc. (NYSE NSP) traded down $0.20 during trading hours on Thursday, reaching $115.15. The company had a trading volume of 93,300 shares, compared to its average volume of 140,796. Insperity, Inc. has a 12 month low of $69.20 and a 12 month high of $118.50. The firm has a market cap of $2,404.22, a price-to-earnings ratio of 30.84, a P/E/G ratio of 1.59 and a beta of 0.92. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.02.
Shares of Insperity are set to split on the morning of Monday, December 18th. The 2-1 split was announced on Thursday, November 16th. The newly minted shares will be distributed to shareholders after the market closes on Friday, December 15th.
Insperity (NYSE:NSP) last announced its earnings results on Wednesday, November 1st. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.16. The company had revenue of $795.50 million for the quarter, compared to analyst estimates of $786.44 million. Insperity had a return on equity of 94.38% and a net margin of 2.43%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. equities analysts predict that Insperity, Inc. will post 4.03 earnings per share for the current fiscal year.
The company also recently declared a dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 1st. Insperity’s payout ratio is presently 32.35%.
Insperity declared that its board has authorized a share repurchase program on Thursday, November 16th that allows the company to repurchase 500,000 shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
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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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