Public Sector Pension investment Board lessened its holdings in shares of Insperity, Inc. (NYSE:NSP) by 28.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,653 shares of the business services provider’s stock after selling 3,800 shares during the period. Public Sector Pension investment Board’s holdings in Insperity were worth $685,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. BlackRock Inc. grew its position in shares of Insperity by 4.7% during the 2nd quarter. BlackRock Inc. now owns 2,935,048 shares of the business services provider’s stock worth $208,390,000 after purchasing an additional 131,500 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Insperity by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 2,151,051 shares of the business services provider’s stock worth $190,691,000 after purchasing an additional 111,896 shares in the last quarter. Rothschild Asset Management Inc. grew its position in shares of Insperity by 4.3% during the 2nd quarter. Rothschild Asset Management Inc. now owns 414,559 shares of the business services provider’s stock worth $29,434,000 after purchasing an additional 17,244 shares in the last quarter. State Street Corp grew its position in shares of Insperity by 8.1% during the 1st quarter. State Street Corp now owns 403,901 shares of the business services provider’s stock worth $35,803,000 after purchasing an additional 30,424 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Insperity by 3.6% during the 2nd quarter. Prudential Financial Inc. now owns 385,711 shares of the business services provider’s stock worth $27,385,000 after purchasing an additional 13,430 shares in the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

In related news, Chairman Paul J. Sarvadi sold 5,742 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $84.05, for a total transaction of $482,615.10. Following the completion of the transaction, the chairman now owns 252,248 shares of the company’s stock, valued at $21,201,444.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mckenna Michelle sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $79.69, for a total transaction of $47,814.00. Following the transaction, the director now directly owns 1,145 shares of the company’s stock, valued at approximately $91,245.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 114,401 shares of company stock valued at $9,642,153. 27.47% of the stock is owned by corporate insiders.

A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of Insperity from a “sell” rating to a “hold” rating in a research report on Sunday, August 6th. Finally, Roth Capital upgraded shares of Insperity from a “neutral” rating to a “buy” rating and increased their target price for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $94.00.

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Shares of Insperity, Inc. (NSP) opened at 92.80 on Friday. The firm has a market cap of $1.93 billion, a price-to-earnings 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. The company’s 50 day moving average is $83.32 and its 200 day moving average is $80.93.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.68 by $0.14. The company had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $778.88 million. Insperity had a net margin of 2.34% and a return on equity of 96.85%. Insperity’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. Analysts anticipate that Insperity, Inc. will post $4.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.20 annualized dividend and a yield of 1.29%. Insperity’s dividend payout ratio is currently 34.68%.

Insperity 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).

Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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