Texas Permanent School Fund Corp Increases Stake in Insperity, Inc. (NYSE:NSP)

Texas Permanent School Fund Corp raised its position in shares of Insperity, Inc. (NYSE:NSP) by 51.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,809 shares of the business services provider’s stock after purchasing an additional 15,806 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Insperity were worth $4,269,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in shares of Insperity by 41.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 398,284 shares of the business services provider’s stock valued at $46,687,000 after acquiring an additional 116,226 shares in the last quarter. Sunriver Management LLC increased its holdings in shares of Insperity by 23.4% in the 4th quarter. Sunriver Management LLC now owns 226,192 shares of the business services provider’s stock worth $26,514,000 after purchasing an additional 42,869 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Insperity in the 1st quarter worth $1,956,000. Ontario Teachers Pension Plan Board raised its stake in shares of Insperity by 279.1% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 57,167 shares of the business services provider’s stock worth $6,701,000 after purchasing an additional 42,088 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Insperity by 10.5% during the first quarter. ProShare Advisors LLC now owns 80,514 shares of the business services provider’s stock valued at $8,825,000 after purchasing an additional 7,626 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insperity Price Performance

NYSE NSP opened at $88.48 on Friday. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.37 and a beta of 1.12. Insperity, Inc. has a 1-year low of $84.78 and a 1-year high of $119.40. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.17 and a quick ratio of 1.17. The business’s fifty day moving average price is $93.69 and its 200-day moving average price is $98.27.

Insperity (NYSE:NSP) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. Insperity had a return on equity of 138.16% and a net margin of 2.46%. Insperity’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. On average, equities analysts predict that Insperity, Inc. will post 2.43 earnings per share for the current year.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Thursday, September 5th. Insperity’s payout ratio is 58.68%.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total value of $1,487,024.29. Following the transaction, the chief executive officer now directly owns 509,129 shares in the company, valued at $46,956,967.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Robert W. Baird boosted their target price on Insperity from $105.00 to $109.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. William Blair reiterated an “outperform” rating on shares of Insperity in a research note on Friday, May 17th.

Insperity Company 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.