Arizona State Retirement System Boosts Stock Holdings in Insperity, Inc. (NYSE:NSP)

Arizona State Retirement System lifted its holdings in shares of Insperity, Inc. (NYSE:NSP) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,918 shares of the business services provider’s stock after buying an additional 185 shares during the quarter. Arizona State Retirement System’s holdings in Insperity were worth $905,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NSP. Principal Securities Inc. purchased a new stake in shares of Insperity during the fourth quarter worth $32,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Insperity during the 4th quarter valued at $34,000. Quarry LP bought a new stake in shares of Insperity during the 4th quarter valued at $55,000. nVerses Capital LLC purchased a new stake in Insperity during the 2nd quarter worth about $64,000. Finally, Quest Partners LLC bought a new position in Insperity in the 4th quarter worth about $92,000. 93.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NSP has been the topic of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of Insperity in a report on Friday, May 17th. Robert W. Baird increased their target price on shares of Insperity from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th.

Insiders Place Their Bets

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the transaction, the chief executive officer now directly owns 509,129 shares in the company, valued at approximately $46,956,967.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Insperity Stock Performance

NYSE:NSP opened at $88.48 on Friday. The stock has a market cap of $3.32 billion, a P/E ratio of 21.63, a PEG ratio of 2.37 and a beta of 1.12. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.60. The business’s 50-day moving average price is $93.69 and its two-hundred day moving average price is $98.27. Insperity, Inc. has a twelve month low of $84.78 and a twelve month high of $119.40.

Insperity (NYSE:NSP) last announced 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. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm posted $0.33 earnings per share. Insperity’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts predict that Insperity, Inc. will post 2.43 EPS for the current fiscal year.

Insperity Dividend Announcement

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

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.