Copper Rock Capital Partners LLC boosted its position in shares of Insperity Inc. (NYSE:NSP) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 506,928 shares of the company’s stock after buying an additional 37,938 shares during the period. Insperity accounts for about 2.4% of Copper Rock Capital Partners LLC’s holdings, making the stock its 4th largest position. Copper Rock Capital Partners LLC’s holdings in Insperity were worth $36,823,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of NSP. Glenmede Trust Co. NA raised its position in shares of Insperity by 0.4% in the first quarter. Glenmede Trust Co. NA now owns 5,046 shares of the company’s stock worth $259,000 after buying an additional 22 shares during the last quarter. PineBridge Investments L.P. raised its position in shares of Insperity by 4.4% in the second quarter. PineBridge Investments L.P. now owns 2,061 shares of the company’s stock worth $159,000 after buying an additional 87 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Insperity by 0.6% in the second quarter. Nisa Investment Advisors LLC now owns 16,200 shares of the company’s stock worth $1,251,000 after buying an additional 100 shares during the last quarter. Eqis Capital Management Inc. raised its position in shares of Insperity by 1.3% in the second quarter. Eqis Capital Management Inc. now owns 8,876 shares of the company’s stock worth $685,000 after buying an additional 114 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of Insperity by 0.5% in the second quarter. Synovus Financial Corp now owns 27,681 shares of the company’s stock worth $2,137,000 after buying an additional 128 shares during the last quarter. 82.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Insperity Inc. (NYSE:NSP) traded down 0.08% during midday trading on Thursday, hitting $73.76. The stock had a trading volume of 16,757 shares. Insperity Inc. has a 52 week low of $41.83 and a 52 week high of $82.18. The stock has a market cap of $1.58 billion, a PE ratio of 27.88 and a beta of 1.01. The stock has a 50-day moving average of $69.22 and a 200 day moving average of $67.34.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. Insperity had a net margin of 2.17% and a return on equity of 50.25%. The company earned $707.33 million during the quarter, compared to analyst estimates of $720.85 million. During the same quarter in the previous year, the business earned $0.42 EPS. The firm’s revenue was up 12.7% on a year-over-year basis. Analysts anticipate that Insperity Inc. will post $3.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were given a $0.25 dividend. The ex-dividend date was Thursday, September 15th. This represents a $1.00 annualized dividend and a yield of 1.35%. Insperity’s dividend payout ratio is currently 36.76%.
A number of brokerages have issued reports on NSP. Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Wednesday, August 3rd. First Analysis lowered Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 price target for the company. in a research note on Thursday, July 7th.
In other Insperity news, Director Michael W. Brown sold 20,513 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $67.02, for a total transaction of $1,374,781.26. Following the sale, the director now directly owns 16,058 shares of the company’s stock, valued at approximately $1,076,207.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel D. Herink sold 3,000 shares of the business’s stock in a transaction dated 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 directly owns 32,048 shares in the company, valued at $2,139,204. The disclosure for this sale can be found here. 27.47% of the stock is currently owned by corporate insiders.
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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