Mason Street Advisors LLC Has $387,000 Stake in Insperity, Inc. (NSP)
Mason Street Advisors LLC boosted its stake in Insperity, Inc. (NYSE:NSP) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,371 shares of the business services provider’s stock after buying an additional 233 shares during the period. Mason Street Advisors LLC’s holdings in Insperity were worth $387,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in Insperity during the fourth quarter valued at approximately $6,884,000. State Board of Administration of Florida Retirement System raised its position in Insperity by 9.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 13,682 shares of the business services provider’s stock valued at $971,000 after buying an additional 1,188 shares in the last quarter. Comerica Bank raised its position in Insperity by 4.8% in the fourth quarter. Comerica Bank now owns 20,174 shares of the business services provider’s stock valued at $1,465,000 after buying an additional 927 shares in the last quarter. State Street Corp raised its position in shares of Insperity by 2.0% in the fourth quarter. State Street Corp now owns 373,477 shares of the business services provider’s stock worth $26,498,000 after buying an additional 7,501 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in shares of Insperity by 55.9% in the fourth quarter. Martingale Asset Management L P now owns 47,615 shares of the business services provider’s stock worth $3,379,000 after buying an additional 17,068 shares in the last quarter. Institutional investors and hedge funds own 81.59% of the company’s stock.
Insperity, Inc. (NYSE NSP) opened at 75.90 on Tuesday. The company has a 50-day moving average of $79.16 and a 200-day moving average of $79.40. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 23.44 and a beta of 0.76. Insperity, Inc. has a 12 month low of $64.55 and a 12 month high of $93.65.
Insperity (NYSE:NSP) last posted its earnings results on Monday, May 1st. The business services provider reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.02. Insperity had a return on equity of 94.46% and a net margin of 2.26%. The business had revenue of $882.66 million during the quarter, compared to analysts’ expectations of $887.37 million. During the same period in the previous year, the business earned $1.63 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. Analysts predict that Insperity, Inc. will post $4.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 30th. Investors of record on Monday, May 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.58%. This is a boost from Insperity’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, May 11th. Insperity’s payout ratio is presently 36.92%.
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NSP has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Insperity from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. BidaskClub upgraded shares of Insperity from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $94.00.
In related news, Director Peter A. Feld sold 69,365 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $87.44, for a total transaction of $6,065,275.60. Following the completion of the transaction, the director now directly owns 5,041 shares in the company, valued at $440,785.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jay E. Mincks sold 6,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $90.63, for a total value of $543,780.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,365 shares of company stock valued at $6,784,996. 13.92% of the stock is owned by company insiders.
Insperity Company Profile
Insperity, Inc provides a range 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, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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