California Public Employees Retirement System lifted its stake in shares of Insperity Inc (NYSE:NSP) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,930 shares of the business services provider’s stock after acquiring an additional 1,308 shares during the quarter. California Public Employees Retirement System owned approximately 0.26% of Insperity worth $4,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Insperity by 17.7% during the second quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock worth $103,000 after acquiring an additional 217 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Insperity by 18.6% during the second quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock worth $114,000 after acquiring an additional 252 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Insperity by 78.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,611 shares of the business services provider’s stock worth $134,000 after acquiring an additional 707 shares during the last quarter. Profund Advisors LLC raised its position in shares of Insperity by 18.0% during the second quarter. Profund Advisors LLC now owns 3,045 shares of the business services provider’s stock worth $216,000 after acquiring an additional 465 shares during the last quarter. Finally, Amalgamated Bank bought a new position in shares of Insperity during the third quarter worth about $220,000. Institutional investors own 40.11% of the company’s stock.
Shares of Insperity Inc (NYSE NSP) opened at $61.25 on Tuesday. The firm has a market capitalization of $2,440.00, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.91. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.02. Insperity Inc has a 1-year low of $34.60 and a 1-year high of $61.47.
Insperity announced that its Board of Directors has approved a share buyback plan on Thursday, November 16th that permits the company to repurchase 500,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
The firm also recently announced a dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 1st. Insperity’s payout ratio is currently 32.26%.
In other Insperity news, SVP Daniel D. Herink sold 4,000 shares of Insperity stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $102.39, for a total value of $409,560.00. Following the completion of the sale, the senior vice president now directly owns 15,014 shares in the company, valued at $1,537,283.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dave Eto sold 7,000 shares of Insperity stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $19.00, for a total value of $133,000.00. Over the last quarter, insiders acquired 586,667 shares of company stock valued at $105,600 and sold 215,118 shares valued at $14,193,295. Insiders own 13.92% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Robert W. Baird restated a “buy” rating and set a $56.00 price objective on shares of Insperity in a research report on Friday, November 10th. Finally, SunTrust Banks restated a “hold” rating and set a $55.00 price objective on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.60.
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Insperity Company Profile
Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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