Mirae Asset Global Investments Co. Ltd. Increases Stake in Insperity, Inc. (NYSE:NSP)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Insperity, Inc. (NYSE:NSP) by 13.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 21,812 shares of the business services provider’s stock after acquiring an additional 2,530 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Insperity were worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Wealth Asset Management LLC raised its stake in shares of Insperity by 15.2% in the third quarter. Legacy Wealth Asset Management LLC now owns 11,621 shares of the business services provider’s stock worth $1,023,000 after buying an additional 1,529 shares during the period. Copeland Capital Management LLC increased its holdings in Insperity by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 471,017 shares of the business services provider’s stock worth $41,450,000 after acquiring an additional 1,607 shares in the last quarter. Vest Financial LLC raised its position in shares of Insperity by 40.3% during the 3rd quarter. Vest Financial LLC now owns 16,298 shares of the business services provider’s stock valued at $1,434,000 after purchasing an additional 4,678 shares during the period. Blue Trust Inc. raised its holdings in Insperity by 10.8% during the third quarter. Blue Trust Inc. now owns 3,413 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 333 shares during the period. Finally, nVerses Capital LLC lifted its holdings in Insperity by 285.7% in the 3rd quarter. nVerses Capital LLC now owns 2,700 shares of the business services provider’s stock worth $238,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction 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 sale, the chief executive officer now owns 509,129 shares of the company’s stock, valued at approximately $46,956,967.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.50% of the stock is owned by corporate insiders.

Insperity Stock Performance

Insperity stock opened at $78.77 on Friday. The company’s 50-day moving average price is $87.76 and its 200-day moving average price is $94.33. 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 company has a market cap of $2.96 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. Insperity, Inc. has a twelve month low of $77.50 and a twelve month high of $119.40.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The business 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%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. On average, equities research analysts forecast that Insperity, Inc. will post 2.43 EPS for the current fiscal year.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, September 5th. This represents a $2.40 annualized dividend and a yield of 3.05%. Insperity’s payout ratio is presently 56.60%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NSP. William Blair cut shares of Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on Insperity in a report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $99.50.

About Insperity

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.