Great West Life Assurance Co. Can Decreases Stake in Insperity, Inc. (NSP)
Great West Life Assurance Co. Can reduced its holdings in shares of Insperity, Inc. (NYSE:NSP) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,985 shares of the business services provider’s stock after selling 2,327 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.12% of Insperity worth $2,264,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of NSP. Vaughan Nelson Investment Management L.P. bought a new position in shares of Insperity in the third quarter valued at $42,234,000. Renaissance Technologies LLC grew its stake in shares of Insperity by 97.8% in the second quarter. Renaissance Technologies LLC now owns 316,633 shares of the business services provider’s stock valued at $22,481,000 after buying an additional 156,549 shares in the last quarter. BlackRock Inc. grew its stake in shares of Insperity by 4.7% in the second quarter. BlackRock Inc. now owns 2,935,048 shares of the business services provider’s stock valued at $208,390,000 after buying an additional 131,500 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Insperity by 5,421.6% in the third quarter. Victory Capital Management Inc. now owns 79,787 shares of the business services provider’s stock valued at $7,022,000 after buying an additional 78,342 shares in the last quarter. Finally, Numeric Investors LLC grew its stake in shares of Insperity by 21.6% in the second quarter. Numeric Investors LLC now owns 330,806 shares of the business services provider’s stock valued at $23,487,000 after buying an additional 58,684 shares in the last quarter. 80.38% of the stock is owned by institutional investors.
Insperity, Inc. (NYSE NSP) opened at $116.50 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. Insperity, Inc. has a 52-week low of $69.20 and a 52-week high of $118.50. The company has a market cap of $2,390.68, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 1.58 and a beta of 0.92.
Insperity (NYSE:NSP) last released its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The firm had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $786.44 million. During the same period in the previous year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. equities analysts predict that Insperity, Inc. will post 4.03 EPS for the current year.
Insperity declared that its board has approved a share buyback program on Thursday, November 16th that authorizes the company to buyback 500,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a dividend, which will be paid on Monday, December 18th. Shareholders of record on Monday, December 4th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 1st. Insperity’s dividend payout ratio (DPR) is 32.35%.
In other Insperity news, EVP Arthur A. Arizpe sold 5,000 shares of Insperity stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $117.01, for a total transaction of $585,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel D. Herink sold 4,000 shares of Insperity stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $102.39, for a total transaction of $409,560.00. Following the transaction, the senior vice president now directly owns 15,014 shares of the company’s stock, valued at $1,537,283.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 586,667 shares of company stock valued at $105,600 and have sold 357,209 shares valued at $14,933,644. Insiders own 27.47% of the company’s stock.
NSP has been the subject of several analyst reports. Robert W. Baird reissued a “buy” rating and issued a $56.00 target price on shares of Insperity in a research note on Friday, November 10th. SunTrust Banks reissued a “hold” rating and issued a $55.00 target price on shares of Insperity in a research note on Friday, November 3rd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Insperity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, BidaskClub cut shares of Insperity from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $50.60.
Insperity Company Profile
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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