Insperity (NYSE:NSP) Shares Down 3.9%

Shares of Insperity, Inc. (NYSE:NSP) were down 3.9% on Tuesday . The stock traded as low as $87.39 and last traded at $87.39. Approximately 45,301 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 267,572 shares. The stock had previously closed at $90.98.

Wall Street Analysts Forecast Growth

Separately, William Blair lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday.

Insperity Stock Performance

The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50-day simple moving average is $93.73 and its two-hundred day simple moving average is $97.85.

Insperity (NYSE:NSP) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $1.61 billion during 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%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. Analysts forecast that Insperity, Inc. will post 2.43 earnings per share for the current year.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 annualized dividend and a dividend yield of 2.73%. Insperity’s dividend payout ratio is currently 58.68%.

Insiders Place Their Bets

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the business’s stock in a transaction that occurred on 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 owns 509,129 shares of the company’s stock, valued at $46,956,967.67. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Insperity

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sunriver Management LLC grew its stake in Insperity by 23.4% in the 4th quarter. Sunriver Management LLC now owns 226,192 shares of the business services provider’s stock valued at $26,514,000 after buying an additional 42,869 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Insperity in the 1st quarter worth approximately $1,956,000. ProShare Advisors LLC boosted its position 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 buying an additional 7,626 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Insperity by 4.9% in the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock valued at $428,696,000 after acquiring an additional 182,773 shares during the period. Finally, Norges Bank bought a new position in Insperity in the fourth quarter valued at about $42,085,000. 93.44% of the stock is currently owned by institutional investors.

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.