HighPoint Advisor Group LLC Purchases New Position in Insperity, Inc. (NYSE:NSP)

HighPoint Advisor Group LLC purchased a new stake in shares of Insperity, Inc. (NYSE:NSP) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,991 shares of the business services provider’s stock, valued at approximately $233,000.

A number of other hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in Insperity by 17.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 167,154 shares of the business services provider’s stock valued at $19,594,000 after purchasing an additional 24,441 shares during the period. Virtu Financial LLC purchased a new position in Insperity during the 4th quarter valued at about $338,000. Quarry LP purchased a new position in Insperity during the 4th quarter valued at about $55,000. C M Bidwell & Associates Ltd. purchased a new position in Insperity during the 4th quarter valued at about $34,000. Finally, Logan Capital Management Inc. increased its holdings in Insperity by 1.6% during the 4th quarter. Logan Capital Management Inc. now owns 70,499 shares of the business services provider’s stock valued at $8,264,000 after purchasing an additional 1,103 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

NSP has been the topic of several research reports. William Blair reaffirmed an “outperform” rating on shares of Insperity in a research report on Friday, May 17th. Robert W. Baird lifted their price objective on Insperity from $105.00 to $109.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Finally, StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.50.

Insider Transactions at Insperity

In other news, CFO Douglas S. Sharp sold 5,212 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $104.47, for a total value of $544,497.64. Following the sale, the chief financial officer now directly owns 28,516 shares of the company’s stock, valued at approximately $2,979,066.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Douglas S. Sharp sold 5,212 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $104.47, for a total value of $544,497.64. Following the sale, the chief financial officer now directly owns 28,516 shares of the company’s stock, valued at approximately $2,979,066.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Paul J. Sarvadi sold 12,183 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $95.41, for a total value of $1,162,380.03. Following the completion of the transaction, the chief executive officer now directly owns 525,252 shares in the company, valued at $50,114,293.32. The disclosure for this sale can be found here. Insiders have sold a total of 20,695 shares of company stock valued at $2,044,864 in the last ninety days. 5.50% of the stock is currently owned by corporate insiders.

Insperity Stock Performance

Insperity stock opened at $94.40 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s 50 day simple moving average is $100.93 and its two-hundred day simple moving average is $105.93. Insperity, Inc. has a fifty-two week low of $90.80 and a fifty-two week high of $123.21. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 2.56 and a beta of 1.14.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.24. Insperity had a return on equity of 137.14% and a net margin of 2.39%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.81 billion. As a group, analysts expect that Insperity, Inc. will post 2.43 earnings per share for the current fiscal year.

Insperity Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a $0.60 dividend. This is a boost from Insperity’s previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Friday, June 7th. Insperity’s payout ratio is currently 58.68%.

Insperity Profile

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that 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.