First Trust Advisors LP increased its stake in Insperity Inc (NYSE:NSP) by 343.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,213 shares of the business services provider’s stock after acquiring an additional 47,395 shares during the quarter. First Trust Advisors LP’s holdings in Insperity were worth $3,511,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Insperity by 6.2% in the third quarter. JPMorgan Chase & Co. now owns 403,874 shares of the business services provider’s stock worth $35,197,000 after acquiring an additional 23,527 shares during the period. Bowling Portfolio Management LLC lifted its stake in shares of Insperity by 96.3% in the fourth quarter. Bowling Portfolio Management LLC now owns 20,166 shares of the business services provider’s stock worth $1,157,000 after acquiring an additional 9,894 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Insperity by 45.8% in the third quarter. Janney Montgomery Scott LLC now owns 9,103 shares of the business services provider’s stock worth $801,000 after acquiring an additional 2,860 shares during the period. Aurora Investment Counsel acquired a new position in shares of Insperity in the fourth quarter worth approximately $1,626,000. Finally, Convergence Investment Partners LLC acquired a new position in shares of Insperity in the fourth quarter worth approximately $1,308,000. 83.49% of the stock is currently owned by institutional investors.
Insperity Inc (NSP) opened at $70.30 on Tuesday. Insperity Inc has a 12 month low of $34.88 and a 12 month high of $71.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $2,943.31, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 1.45 and a beta of 0.88.
Insperity declared that its Board of Directors has authorized a share repurchase program on Thursday, November 16th that permits the company to buyback 500,000 outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This is a positive change from Insperity’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 1.14%. Insperity’s payout ratio is 40.20%.
In other Insperity news, Chairman Paul J. Sarvadi sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $61.58, for a total value of $2,771,100.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jay E. Mincks sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $61.84, for a total value of $371,040.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,751 shares of company stock worth $6,910,568. Insiders own 13.92% of the company’s stock.
Several brokerages have issued reports on NSP. Roth Capital boosted their price target on Insperity from $58.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Monday, February 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Insperity presently has a consensus rating of “Hold” and an average target price of $64.00.
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).
Want to see what other hedge funds are holding NSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insperity Inc (NYSE:NSP).
Receive News & Ratings for Insperity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insperity and related companies with MarketBeat.com's FREE daily email newsletter.