Allspring Global Investments Holdings LLC increased its holdings in Insperity Inc. (NYSE:NSP – Free Report ) by 13.3% during the first quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The institutional investor bought an additional 906 shares during the period, giving it a total holdings of 7,705 shares of the business services provider’s stock. Allspring Global Investments Holdings LLC’s holdings in Insperity were worth $845,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of NSP. Norges Bank purchased a new stake in Insperity during the fourth quarter, valued at approximately $42,085,000. Mawer Investment Management increased its holdings in Insperity by 5.6% in the fourth quarter. Mawer Investment Management acquired an additional 224,772 shares during the quarter and now owns 4,210,321 shares of the business services provider’s stock, valued at $493,534,000. Say Investments increased its holdings in Insperity by 40.5% during the fourth quarter. Say Investments acquired an additional 188,894 shares during the quarter and now owns 655,579 shares of the business services provider’s stock, valued at $76,846,000. Massachusetts Financial Services Inc. (MA) increased its holdings in Insperity by 41.2% during the fourth quarter. Massachusetts Financial Services Inc. (MA) acquired an additional 116,226 shares during the period and now holds 398,284 shares of the business services provider’s stock, valued at $46,687,000. Finally, Reinhart Partners LLC increased its holdings in Insperity by 6.0% during the fourth quarter. Reinhart Partners LLC acquired an additional 49,576 shares during the period and now holds 882,621 shares of the business services provider’s stock, valued at $103,461,000. 93.44% of the stock is now owned by institutional investors.
Insiders bet
In other Insperity news, Director John M. Morphy sold 3,300 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $102.42, for a total transaction value of $337,986.00. Following the sale, the director now directly owns 7,633 shares of the company’s stock, valued at $781,771.86. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this link. In other news, Director John M. Morphy sold 3,300 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $102.42, for a total transaction value of $337,986.00. Following the sale, the director now directly owns 7,633 shares of the company’s stock, valued at $781,771.86. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, CEO Paul J. Sarvadi sold 12,183 shares of the company’s stock in a transaction that took place on Thursday, May 30th. The shares were sold at an average price of $95.41, for a total transaction value of $1,162,380.03. Following the sale, the CEO now directly owns 525,252 shares of the company’s stock, valued at $50,114,293.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,695 shares of the company’s stock, valued at $2,044,864. 5.50% of the stock is now owned by insiders.
What Wall Street analysts are saying
Numerous research firms have issued reports on NSP. William Blair reaffirmed an “outperform” rating on shares of Insperity in a report on Friday, May 17th. Robert W. Bair raised their price target on shares of Insperity from $105.00 to $109.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Finally, StockNews.com raised shares of Insperity from a “hold” to a “buy” rating in a research report on Thursday, May 9th. Two research analysts have assigned a hold rating to the stock and two have assigned a buy rating to it. According to MarketBeat data, the company’s current consensus rating is a “moderate buy” with a consensus price target of $109.50.
Get the latest analysis on NSP
Insperity shares fell 0.1%
NSP shares opened trading at $88.99 on Tuesday. Insperity Inc.’s 52-week low is $88.37 and its 52-week high is $123.21. The company’s debt-to-equity ratio is 2.64, quick ratio is 1.15 and current ratio is 1.15. The company’s market cap is $3.35 billion, P/E ratio is 21.76, P/E/G ratio is 2.44 and beta is 1.13. The company’s 50-day simple moving average is $97.44 and 200-day simple moving average is $103.80.
Insperity (NYSE:NSP – Get free report ) announced its quarterly earnings on Wednesday, May 1st. The business services provider reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.24. Insperity had net margins of 2.39% and return on equity of 137.14%. The company had revenue of $1.80 billion for the quarter, beating analyst estimates of $1.81 billion. On average, equities research analysts expect Insperity Inc. to post earnings of 2.43 per share for the year.
Insperity Increases Dividend
The company also recently declared a quarterly dividend, paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a dividend of $0.60. This equates to an annualized dividend of $2.40, or a yield of 2.70%. The ex-dividend date was Friday, June 7th. This is a positive change from Insperity’s previous quarterly dividend of $0.57. Insperity’s dividend payout ratio is 58.68%.
Insperity Profile
(Free report)
Insperity, Inc. is engaged in providing human resources (HR) and business solutions aimed at improving the business performance of small and medium-sized businesses primarily in the U.S. The company provides HR services through its workforce optimization and workforce synchronization solutions, which include a range of HR functions, including payroll and employment administration, employee benefits, workers’ compensation insurance, government compliance, performance management, and training and development services.
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