Insperity Inc. (NSP) Shares Sold by Rice Hall James & Associates LLC
Rice Hall James & Associates LLC decreased its position in shares of Insperity Inc. (NYSE:NSP) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 29,836 shares of the company’s stock after selling 717 shares during the period. Rice Hall James & Associates LLC’s holdings in Insperity were worth $2,304,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSP. Glenmede Trust Co. NA increased its position in Insperity by 0.4% in the first quarter. Glenmede Trust Co. NA now owns 5,046 shares of the company’s stock worth $259,000 after buying an additional 22 shares during the last quarter. Aperio Group LLC increased its position in Insperity by 10.3% in the first quarter. Aperio Group LLC now owns 4,986 shares of the company’s stock worth $258,000 after buying an additional 467 shares during the last quarter. Nisa Investment Advisors L.L.C. increased its position in Insperity by 109.1% in the first quarter. Nisa Investment Advisors L.L.C. now owns 16,100 shares of the company’s stock worth $833,000 after buying an additional 8,400 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Insperity by 23.0% in the first quarter. TIAA CREF Investment Management LLC now owns 141,407 shares of the company’s stock worth $7,315,000 after buying an additional 26,424 shares during the last quarter. Finally, BlackRock Group LTD increased its position in Insperity by 21.7% in the first quarter. BlackRock Group LTD now owns 57,567 shares of the company’s stock worth $2,979,000 after buying an additional 10,274 shares during the last quarter. Institutional investors own 82.24% of the company’s stock.
Shares of Insperity Inc. (NYSE:NSP) traded down 0.79% during mid-day trading on Friday, reaching $73.85. 137,600 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.58 billion, a P/E ratio of 27.91 and a beta of 1.01. The stock has a 50-day moving average of $69.46 and a 200 day moving average of $67.39. Insperity Inc. has a one year low of $41.83 and a one year high of $82.18.
Insperity (NYSE:NSP) last issued its earnings results on Monday, August 1st. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. Insperity had a net margin of 2.17% and a return on equity of 50.25%. The firm had revenue of $707.33 million for the quarter, compared to analysts’ expectations of $720.85 million. During the same quarter last year, the business earned $0.42 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. On average, analysts forecast that Insperity Inc. will post $3.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Thursday, September 15th. Insperity’s dividend payout ratio is 36.76%.
A number of research analysts recently issued reports on NSP shares. Zacks Investment Research downgraded shares of Insperity from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. First Analysis lowered shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 price target for the company. in a research note on Thursday, July 7th.
In other news, EVP Jay E. Mincks sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $69.00, for a total value of $138,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Daniel D. Herink sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $66.75, for a total transaction of $200,250.00. Following the completion of the transaction, the senior vice president now owns 32,048 shares in the company, valued at approximately $2,139,204. The disclosure for this sale can be found here. 27.47% of the stock is currently owned by insiders.
Insperity Company Profile
Insperity, Inc (Insperity) provides an array of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management, and training and development services.
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