Strs Ohio grew its position in Insperity, Inc. (NYSE:NSP – Get Rating) by 3.4% in the first quarter, HoldingsChannel.com reports. The fund owned 15,100 shares of the business services provider’s stock after buying an additional 500 shares during the period. Strs Ohio’s holdings in Insperity were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Inspire Investing LLC bought a new position in shares of Insperity in the 1st quarter valued at about $235,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Insperity by 10.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,164 shares of the business services provider’s stock worth $519,000 after buying an additional 485 shares during the period. Reinhart Partners Inc. boosted its holdings in shares of Insperity by 3.5% during the 1st quarter. Reinhart Partners Inc. now owns 571,248 shares of the business services provider’s stock worth $57,364,000 after buying an additional 19,574 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of Insperity by 2.4% during the 1st quarter. Boston Trust Walden Corp now owns 200,269 shares of the business services provider’s stock worth $20,111,000 after buying an additional 4,641 shares during the period. Finally, Profit Investment Management LLC boosted its holdings in shares of Insperity by 20.7% during the 1st quarter. Profit Investment Management LLC now owns 44,408 shares of the business services provider’s stock worth $4,460,000 after buying an additional 7,614 shares during the period. 88.08% of the stock is owned by institutional investors.
Separately, StockNews.com raised shares of Insperity from a “buy” rating to a “strong-buy” rating in a report on Friday, April 29th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $121.60.
Shares of Insperity stock opened at $101.68 on Tuesday. Insperity, Inc. has a twelve month low of $83.94 and a twelve month high of $129.32. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.88. The company has a 50-day simple moving average of $97.78 and a two-hundred day simple moving average of $100.05. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.37.
Insperity (NYSE:NSP – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The business services provider reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.15. Insperity had a net margin of 2.51% and a return on equity of 244.01%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company earned $1.58 EPS. The business’s revenue was up 22.6% on a year-over-year basis. On average, sell-side analysts anticipate that Insperity, Inc. will post 3.86 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Thursday, June 9th were paid a $0.52 dividend. This is a boost from Insperity’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, June 8th. This represents a $2.08 annualized dividend and a yield of 2.05%. Insperity’s payout ratio is 61.18%.
In other news, CEO Paul J. Sarvadi sold 32,609 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $107.48, for a total value of $3,504,815.32. Following the completion of the transaction, the chief executive officer now directly owns 620,585 shares in the company, valued at approximately $66,700,475.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul J. Sarvadi sold 6,608 shares of the business’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $110.02, for a total transaction of $727,012.16. Following the completion of the transaction, the chief executive officer now owns 653,977 shares of the company’s stock, valued at $71,950,549.54. The disclosure for this sale can be found here. 6.10% of the stock is owned by insiders.
Insperity Company Profile (Get Rating)
Insperity, Inc provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions that 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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