Pacer Advisors Inc. Buys New Stake in Insperity Inc (NYSE:NSP)

Pacer Advisors Inc. bought a new stake in Insperity Inc (NYSE:NSP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,977 shares of the business services provider’s stock, valued at approximately $1,829,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of Montreal Can boosted its position in shares of Insperity by 195.6% during the second quarter. Bank of Montreal Can now owns 57,728 shares of the business services provider’s stock worth $7,051,000 after buying an additional 38,197 shares during the period. Federated Investors Inc. PA lifted its stake in Insperity by 3.0% during the 1st quarter. Federated Investors Inc. PA now owns 145,638 shares of the business services provider’s stock worth $18,009,000 after acquiring an additional 4,258 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Insperity by 9.2% during the 1st quarter. OppenheimerFunds Inc. now owns 291,481 shares of the business services provider’s stock valued at $36,044,000 after acquiring an additional 24,657 shares during the period. Atria Investments LLC purchased a new position in Insperity during the 2nd quarter valued at about $3,074,000. Finally, JPMorgan Chase & Co. grew its position in Insperity by 12.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 231,581 shares of the business services provider’s stock valued at $28,164,000 after acquiring an additional 26,006 shares in the last quarter. 84.78% of the stock is currently owned by institutional investors.

Shares of Insperity stock traded up $2.46 during trading hours on Wednesday, reaching $102.98. 6,079 shares of the company were exchanged, compared to its average volume of 437,904. Insperity Inc has a 1 year low of $86.63 and a 1 year high of $144.92. The stock’s fifty day moving average is $103.26 and its 200 day moving average is $118.00. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $4.10 billion, a PE ratio of 30.58, a PEG ratio of 1.35 and a beta of 1.10.

Insperity (NYSE:NSP) last released its earnings results on Monday, July 29th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.14. Insperity had a return on equity of 136.63% and a net margin of 4.04%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business posted $0.68 earnings per share. Insperity’s revenue was up 13.1% compared to the same quarter last year. Research analysts expect that Insperity Inc will post 4.09 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, September 6th. Insperity’s payout ratio is 35.61%.

In other news, Director Tim Clifford purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of $97.35 per share, with a total value of $243,375.00. Following the transaction, the director now owns 9,794 shares in the company, valued at approximately $953,445.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jay E. Mincks sold 2,618 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $95.00, for a total value of $248,710.00. The disclosure for this sale can be found here. Insiders sold a total of 17,618 shares of company stock valued at $2,258,710 in the last 90 days. 6.86% of the stock is owned by company insiders.

A number of brokerages have issued reports on NSP. ValuEngine lowered shares of Insperity from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. Roth Capital lowered their price objective on shares of Insperity from $147.00 to $138.00 in a research note on Tuesday, July 30th. Finally, Robert W. Baird set a $141.00 price objective on shares of Insperity and gave the company a “buy” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $135.25.

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 include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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