Aurora Investment Counsel Takes $1.63 Million Position in Insperity Inc (NSP)
Aurora Investment Counsel purchased a new position in Insperity Inc (NYSE:NSP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,356 shares of the business services provider’s stock, valued at approximately $1,626,000. Aurora Investment Counsel owned approximately 0.07% of Insperity as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Suntrust Banks Inc. boosted its stake in shares of Insperity by 1.6% in the second quarter. Suntrust Banks Inc. now owns 3,457 shares of the business services provider’s stock worth $244,000 after acquiring an additional 53 shares during the period. Albion Financial Group UT boosted its stake in shares of Insperity by 1.8% in the second quarter. Albion Financial Group UT now owns 3,358 shares of the business services provider’s stock worth $238,000 after acquiring an additional 60 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Insperity by 1.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 13,674 shares of the business services provider’s stock worth $971,000 after acquiring an additional 200 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Insperity by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock worth $103,000 after acquiring an additional 217 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Insperity by 18.6% in the second quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock worth $114,000 after acquiring an additional 252 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.
A number of research firms have recently weighed in on NSP. Zacks Investment Research lowered Insperity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. SunTrust Banks reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Insperity in a research note on Friday, November 3rd. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Insperity in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Insperity currently has an average rating of “Hold” and an average price target of $50.60.
Insperity Inc (NYSE NSP) opened at $57.25 on Friday. Insperity Inc has a one year low of $34.60 and a one year high of $60.35. The company has a market capitalization of $2,365.67, a P/E ratio of 30.86, a P/E/G ratio of 1.36 and a beta of 0.93. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.16.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Insperity had a return on equity of 94.38% and a net margin of 2.43%. The company had revenue of $795.50 million during the quarter, compared to analyst estimates of $786.44 million. During the same period in the prior year, the company earned $0.39 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. equities analysts anticipate that Insperity Inc will post 2.01 EPS for the current year.
The company also recently declared a dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, December 1st. Insperity’s payout ratio is presently 32.35%.
Insperity announced that its board has initiated a stock repurchase plan on Thursday, November 16th that authorizes the company to repurchase 500,000 shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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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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