Victory Capital Management Inc. boosted its position in shares of Insperity Inc. (NYSE:NSP) by 77.5% during the second quarter, Holdings Channel reports. The firm owned 1,759 shares of the company’s stock after buying an additional 768 shares during the period. Victory Capital Management Inc.’s holdings in Insperity were worth $136,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of NSP. BlackRock Japan Co. Ltd boosted its position in Insperity by 24.5% in the first quarter. BlackRock Japan Co. Ltd now owns 2,362 shares of the company’s stock worth $122,000 after buying an additional 465 shares during the period. Bank of Montreal Can purchased a new position in Insperity during the second quarter worth about $136,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Insperity during the second quarter worth about $239,000. Navellier & Associates Inc purchased a new position in Insperity during the second quarter worth about $248,000. Finally, Aperio Group LLC boosted its position in 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 during the period. Institutional investors own 82.24% of the company’s stock.
Insperity Inc. (NYSE:NSP) remained flat at $73.61 during mid-day trading on Wednesday. The company’s stock had a trading volume of 25,942 shares. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 27.82 and a beta of 1.01. Insperity Inc. has a one year low of $41.83 and a one year high of $82.18. The firm’s 50 day moving average is $69.01 and its 200-day moving average is $67.29.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The business had revenue of $707.33 million for 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%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. On average, equities analysts forecast that Insperity Inc. will post $3.53 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, September 15th. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. Insperity’s dividend payout ratio is 36.76%.
Several research firms recently weighed in on NSP. First Analysis cut shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 price objective for the company. in a research report on Thursday, July 7th. Zacks Investment Research cut shares of Insperity from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th.
In related news, President Richard G. Rawson sold 8,886 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $67.02, for a total transaction of $595,539.72. Following the sale, the president now owns 131,844 shares in the company, valued at approximately $8,836,184.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel D. Herink sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $66.75, for a total transaction of $200,250.00. Following the sale, the senior vice president now owns 32,048 shares in the company, valued at approximately $2,139,204. The disclosure for this sale can be found here. Corporate 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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