Louisiana State Employees Retirement System Has $556,000 Stake in Insperity Inc. (NSP)
Louisiana State Employees Retirement System held its stake in Insperity Inc. (NYSE:NSP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,200 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Insperity were worth $556,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its stake in shares of Insperity by 44.6% in the second quarter. Acadian Asset Management LLC now owns 740,042 shares of the company’s stock worth $57,155,000 after buying an additional 228,193 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Insperity by 72,179.5% in the first quarter. Loomis Sayles & Co. L P now owns 176,362 shares of the company’s stock worth $9,123,000 after buying an additional 176,118 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of 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 period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Insperity by 57.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 72,540 shares of the company’s stock worth $3,752,000 after buying an additional 26,380 shares during the period. Finally, Royce & Associates LP acquired a new stake in shares of Insperity during the first quarter worth approximately $1,293,000. Institutional investors and hedge funds own 82.40% of the company’s stock.
Insperity Inc. (NYSE:NSP) traded up 0.97% during trading on Monday, hitting $74.70. The stock had a trading volume of 86,503 shares. Insperity Inc. has a 52-week low of $41.83 and a 52-week high of $82.18. The stock’s 50-day moving average is $71.02 and its 200-day moving average is $68.65. The stock has a market capitalization of $1.60 billion, a PE ratio of 28.23 and a beta of 1.00.
Insperity (NYSE:NSP) last released its quarterly earnings results on Monday, August 1st. The company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. Insperity had a return on equity of 50.25% and a net margin of 2.17%. The company had revenue of $707.33 million for the quarter, compared to analyst estimates of $720.85 million. During the same quarter in the prior year, the firm posted $0.42 EPS. Insperity’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts predict that Insperity Inc. will post $3.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were paid a $0.25 dividend. The ex-dividend date was Thursday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. Insperity’s payout ratio is 36.76%.
A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Wednesday, August 3rd. First Analysis cut shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 target price on the stock. in a report on Thursday, July 7th.
In other Insperity news, Director Michael W. Brown sold 20,513 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $67.02, for a total value of $1,374,781.26. Following the sale, the director now owns 16,058 shares in the company, valued at $1,076,207.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Daniel D. Herink sold 3,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $66.75, for a total value of $200,250.00. Following the completion of the sale, 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 owned by company insiders.
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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