LRI Investments LLC Increases Position in Insperity, Inc. (NYSE:NSP)

LRI Investments LLC increased its stake in shares of Insperity, Inc. (NYSE:NSP) by 20.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,465 shares of the business services provider’s stock after acquiring an additional 417 shares during the period. LRI Investments LLC’s holdings in Insperity were worth $225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NSP. Allspring Global Investments Holdings LLC boosted its stake in shares of Insperity by 28.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,799 shares of the business services provider’s stock worth $797,000 after acquiring an additional 1,521 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Insperity by 10.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,093 shares of the business services provider’s stock valued at $949,000 after purchasing an additional 790 shares during the last quarter. Federated Hermes Inc. grew its holdings in Insperity by 20.7% in the fourth quarter. Federated Hermes Inc. now owns 4,414 shares of the business services provider’s stock valued at $517,000 after purchasing an additional 757 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of Insperity by 39.7% in the fourth quarter. Handelsbanken Fonder AB now owns 7,044 shares of the business services provider’s stock valued at $826,000 after buying an additional 2,000 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Insperity by 3.9% during the 4th quarter. California Public Employees Retirement System now owns 59,616 shares of the business services provider’s stock worth $6,988,000 after buying an additional 2,258 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 12,183 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $95.41, for a total transaction of $1,162,380.03. Following the transaction, the chief executive officer now owns 525,252 shares of the company’s stock, valued at approximately $50,114,293.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Paul J. Sarvadi sold 16,123 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the completion of 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul J. Sarvadi sold 12,183 shares of Insperity stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $95.41, for a total transaction of $1,162,380.03. Following the completion of the transaction, the chief executive officer now owns 525,252 shares in the company, valued at approximately $50,114,293.32. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by insiders.

Insperity Stock Up 1.0 %

NSP opened at $93.58 on Friday. The firm has a market cap of $3.52 billion, a P/E ratio of 22.88, a PEG ratio of 2.67 and a beta of 1.13. The business’s fifty day simple moving average is $94.24 and its 200 day simple moving average is $99.02. Insperity, Inc. has a 52 week low of $85.04 and a 52 week high of $119.40. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 2.60.

Insperity (NYSE:NSP) last released its earnings results 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 company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. As a group, equities research analysts anticipate that Insperity, Inc. will post 2.43 EPS for the current fiscal year.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $2.40 dividend on an annualized basis and a yield of 2.56%. Insperity’s dividend payout ratio (DPR) is currently 58.68%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. William Blair reissued an “outperform” rating on shares of Insperity in a research note on Friday, May 17th. Finally, Robert W. Baird upped their target price on Insperity from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Friday, May 17th.

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.