Mitchell Capital Management Co. Has $4,659,000 Stake in Insperity Inc. (NSP)
Mitchell Capital Management Co. lowered its stake in shares of Insperity Inc. (NYSE:NSP) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,330 shares of the company’s stock after selling 3,703 shares during the period. Mitchell Capital Management Co.’s holdings in Insperity were worth $4,659,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. ClariVest Asset Management LLC acquired a new stake in Insperity during the second quarter valued at approximately $3,240,000. Strs Ohio increased its stake in Insperity by 138.0% in the second quarter. Strs Ohio now owns 12,500 shares of the company’s stock valued at $965,000 after buying an additional 7,247 shares during the period. Smith Asset Management Group LP increased its stake in Insperity by 120,991.7% in the second quarter. Smith Asset Management Group LP now owns 29,062 shares of the company’s stock valued at $2,244,000 after buying an additional 29,038 shares during the period. Bank of Montreal Can acquired a new stake in Insperity during the second quarter valued at approximately $136,000. Finally, Meeder Asset Management Inc. acquired a new stake in Insperity during the second quarter valued at approximately $440,000. 82.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of Insperity Inc. (NYSE:NSP) traded up 0.97% during midday trading on Monday, reaching $74.70. 86,503 shares of the company were exchanged. Insperity Inc. has a 12-month low of $41.83 and a 12-month high of $82.18. The company has a 50 day moving average price of $70.79 and a 200-day moving average price of $68.25. The stock has a market capitalization of $1.60 billion, a P/E ratio of 28.23 and a beta of 1.00.
Insperity (NYSE:NSP) last released its quarterly earnings data on Monday, August 1st. The company reported $0.60 EPS for the quarter, topping the 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 earned $707.33 million during the quarter, compared to the consensus estimate of $720.85 million. During the same period last year, the company earned $0.42 EPS. Insperity’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts forecast that Insperity Inc. will post $3.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 19th were issued a $0.25 dividend. The ex-dividend date was Thursday, September 15th. This represents a $1.00 annualized dividend and a yield of 1.34%. Insperity’s payout ratio is 36.76%.
A number of equities research analysts have recently issued reports on the stock. First Analysis downgraded shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 price target on the stock. in a report on Thursday, July 7th. Zacks Investment Research downgraded shares of Insperity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th.
In related news, Director Michael W. Brown sold 20,513 shares of Insperity stock in a transaction dated 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 completion of the sale, the director now directly owns 16,058 shares in the company, valued at approximately $1,076,207.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel D. Herink sold 3,000 shares of Insperity stock in a transaction dated 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 of the company’s stock, valued at $2,139,204. The disclosure for this sale can be found here. 27.47% of the stock is owned by corporate 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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