First Citizens Bank & Trust Co. cut its stake in shares of Insperity Inc. (NYSE:NSP) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 8,150 shares of the company’s stock after selling 506 shares during the period. First Citizens Bank & Trust Co.’s holdings in Insperity were worth $629,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in shares of Insperity by 44.6% in the second quarter. Acadian Asset Management LLC now owns 740,042 shares of the company’s stock valued at $57,155,000 after buying an additional 228,193 shares during the last quarter. Copper Rock Capital Partners LLC boosted its stake in shares of Insperity by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 468,990 shares of the company’s stock valued at $36,220,000 after buying an additional 7,257 shares during the period. Hancock Holding Co. boosted its stake in shares of Insperity by 0.7% in the first quarter. Hancock Holding Co. now owns 208,870 shares of the company’s stock valued at $10,805,000 after buying an additional 1,400 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Insperity by 72,179.5% in the first quarter. Loomis Sayles & Co. L P now owns 176,362 shares of the company’s stock valued at $9,123,000 after buying an additional 176,118 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Insperity by 23.0% in the first quarter. TIAA CREF Investment Management LLC now owns 141,407 shares of the company’s stock valued at $7,315,000 after buying an additional 26,424 shares during the period. 82.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Insperity Inc. (NYSE:NSP) traded up 0.04% during trading on Friday, reaching $73.98. 95,674 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $70.58 and its 200 day moving average price is $68.09. The firm has a market capitalization of $1.58 billion, a PE ratio of 27.96 and a beta of 1.01. Insperity Inc. has a 52 week low of $41.83 and a 52 week high of $82.18.
Insperity (NYSE:NSP) last issued its earnings results on Monday, August 1st. The company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.01. The company had revenue of $707.33 million for the quarter, compared to analysts’ expectations of $720.85 million. Insperity had a net margin of 2.17% and a return on equity of 50.25%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 earnings per share. Analysts predict that Insperity Inc. will post $3.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. Insperity’s dividend payout ratio (DPR) is 36.76%.
Several analysts recently commented on NSP shares. Zacks Investment Research cut shares of Insperity from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. 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 note on Thursday, July 7th.
In other news, Director Michael W. Brown sold 20,513 shares of the company’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 completion of the transaction, the director now owns 16,058 shares in the company, valued at $1,076,207.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jay E. Mincks sold 2,000 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $69.00, for a total transaction of $138,000.00. The disclosure for this sale can be found here. Company insiders own 27.47% of the company’s stock.
Insperity Company Profile
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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