Jacobs Levy Equity Management Inc. lifted its stake in Insperity Inc (NYSE:NSP) by 13.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 297,395 shares of the business services provider’s stock after acquiring an additional 35,410 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Insperity were worth $36,776,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc lifted its stake in shares of Insperity by 5.7% in the 3rd quarter. Vanguard Group Inc now owns 4,061,258 shares of the business services provider’s stock valued at $479,025,000 after purchasing an additional 220,365 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Insperity by 30.3% in the 4th quarter. Rhumbline Advisers now owns 124,406 shares of the business services provider’s stock valued at $11,615,000 after purchasing an additional 28,905 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Insperity by 1,054.2% in the 4th quarter. SG Americas Securities LLC now owns 9,926 shares of the business services provider’s stock valued at $927,000 after purchasing an additional 9,066 shares during the last quarter. Dupont Capital Management Corp bought a new stake in shares of Insperity in the 4th quarter valued at approximately $329,000. Finally, State Treasurer State of Michigan bought a new stake in shares of Insperity in the 4th quarter valued at approximately $1,270,000. 83.26% of the stock is owned by institutional investors.
In related news, Chairman Paul J. Sarvadi sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $120.32, for a total transaction of $4,812,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Arthur A. Arizpe sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $130.00, for a total value of $1,040,000.00. Following the sale, the executive vice president now directly owns 42,633 shares of the company’s stock, valued at $5,542,290. The disclosure for this sale can be found here. Insiders have sold a total of 72,522 shares of company stock valued at $8,734,069 over the last three months. 6.86% of the stock is owned by corporate insiders.
Shares of NYSE:NSP traded up $1.85 during trading on Thursday, hitting $121.64. The company had a trading volume of 3,344 shares, compared to its average volume of 277,000. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 1.59 and a beta of 1.06. Insperity Inc has a one year low of $86.63 and a one year high of $132.50. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.15 and a quick ratio of 1.15.
Insperity (NYSE:NSP) last issued its quarterly earnings results on Monday, April 29th. The business services provider reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.10. Insperity had a return on equity of 138.18% and a net margin of 4.06%. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $1.41 EPS. Insperity’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, analysts expect that Insperity Inc will post 4.19 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Monday, June 10th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, June 7th. Insperity’s dividend payout ratio is currently 35.61%.
Several equities research analysts have recently issued reports on the company. Roth Capital raised their price objective on Insperity from $134.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, February 19th. Zacks Investment Research lowered Insperity from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 15th. Finally, SunTrust Banks raised Insperity from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $126.40.
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Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.
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