Insperity Inc (NSP) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in shares of Insperity Inc (NYSE:NSP) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,693 shares of the business services provider’s stock after buying an additional 477 shares during the quarter. State of Alaska Department of Revenue’s holdings in Insperity were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Capital Group LLC increased its position in shares of Insperity by 566.1% during the second quarter. Private Capital Group LLC now owns 1,099 shares of the business services provider’s stock valued at $104,000 after buying an additional 934 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Insperity during the second quarter valued at about $124,000. Advisory Services Network LLC purchased a new position in shares of Insperity during the second quarter valued at about $164,000. Macquarie Group Ltd. increased its position in shares of Insperity by 53.8% during the second quarter. Macquarie Group Ltd. now owns 2,000 shares of the business services provider’s stock valued at $191,000 after buying an additional 700 shares during the period. Finally, Advisors Preferred LLC increased its position in shares of Insperity by 825.0% during the second quarter. Advisors Preferred LLC now owns 2,109 shares of the business services provider’s stock valued at $201,000 after buying an additional 1,881 shares during the period. Institutional investors own 81.96% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research note on Tuesday, August 7th. Roth Capital boosted their price objective on shares of Insperity from $88.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Finally, First Analysis lowered shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $102.00 price objective on the stock. in a research note on Wednesday, August 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Insperity has a consensus rating of “Buy” and a consensus price target of $104.80.

In other news, CEO Paul J. Sarvadi sold 3,471 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $104.00, for a total value of $360,984.00. Following the transaction, the chief executive officer now owns 582,052 shares in the company, valued at $60,533,408. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Paul J. Sarvadi sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $104.97, for a total transaction of $4,723,650.00. Following the completion of the transaction, the chairman now owns 582,052 shares in the company, valued at approximately $61,097,998.44. The disclosure for this sale can be found here. Insiders have sold 169,663 shares of company stock worth $18,651,192 in the last three months. 9.58% of the stock is currently owned by insiders.

NYSE:NSP opened at $109.71 on Friday. Insperity Inc has a one year low of $46.17 and a one year high of $121.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market cap of $4.66 billion, a P/E ratio of 39.27, a price-to-earnings-growth ratio of 1.95 and a beta of 0.81.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.60 by $0.08. Insperity had a net margin of 3.06% and a return on equity of 122.44%. The business had revenue of $922.30 million for the quarter, compared to analyst estimates of $900.20 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Insperity’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts anticipate that Insperity Inc will post 3.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Monday, September 17th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, September 14th. Insperity’s payout ratio is currently 39.22%.

About Insperity

Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.

Further Reading: What are the components of an earnings report?

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).

Institutional Ownership by Quarter for Insperity (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.

Leave a Reply