Metropolitan Life Insurance Co NY increased its position in Insperity Inc (NYSE:NSP) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,284 shares of the business services provider’s stock after acquiring an additional 628 shares during the quarter. Metropolitan Life Insurance Co NY owned about 0.06% of Insperity worth $2,198,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Millennium Management LLC grew its position in shares of Insperity by 54.3% in the third quarter. Millennium Management LLC now owns 164,122 shares of the business services provider’s stock valued at $16,185,000 after purchasing an additional 57,788 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Insperity by 33.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,200 shares of the business services provider’s stock valued at $118,000 after buying an additional 300 shares during the last quarter. California State Teachers Retirement System grew its holdings in Insperity by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 60,401 shares of the business services provider’s stock valued at $5,957,000 after buying an additional 721 shares during the last quarter. Pictet Asset Management Ltd. acquired a new stake in Insperity in the 3rd quarter valued at approximately $19,884,000. Finally, Stifel Financial Corp increased its position in Insperity by 162.2% in the 3rd quarter. Stifel Financial Corp now owns 6,802 shares of the business services provider’s stock worth $669,000 after buying an additional 4,208 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.
A number of research analysts have recently commented on the company. SunTrust Banks cut their price target on Insperity to $128.00 and set an “accumulate” rating for the company in a report on Tuesday, November 5th. Robert W. Baird set a $141.00 price objective on shares of Insperity and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $135.00.
NYSE NSP opened at $76.94 on Wednesday. The company has a debt-to-equity ratio of 5.84, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 1.44 and a beta of 0.93. The company’s fifty day moving average is $86.39 and its two-hundred day moving average is $104.90. Insperity Inc has a 52-week low of $67.06 and a 52-week high of $144.92.
Insperity (NYSE:NSP) last posted its quarterly earnings data on Monday, November 4th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.26). Insperity had a return on equity of 166.72% and a net margin of 3.69%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, sell-side analysts expect that Insperity Inc will post 3.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 5th. Insperity’s payout ratio is presently 35.61%.
In related news, Director Richard G. Rawson sold 1,524 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $103.04, for a total value of $157,032.96. Following the completion of the transaction, the director now directly owns 100,616 shares of the company’s stock, valued at $10,367,472.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Paul J. Sarvadi sold 1,300 shares of Insperity stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $102.52, for a total transaction of $133,276.00. Following the sale, the chief executive officer now owns 679,878 shares in the company, valued at approximately $69,701,092.56. The disclosure for this sale can be found here. Insiders have sold a total of 14,535 shares of company stock worth $1,297,639 in the last three months. 6.86% of the stock is owned by insiders.
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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