Kiwi Wealth Investments Limited Partnership grew its holdings in shares of Insperity Inc (NYSE:NSP) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,855 shares of the business services provider’s stock after buying an additional 1,121 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in Insperity were worth $733,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in NSP. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Insperity by 10.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,460 shares of the business services provider’s stock valued at $230,000 after purchasing an additional 238 shares during the period. Brasada Capital Management LP purchased a new position in shares of Insperity in the fourth quarter valued at $29,000. Ffcm LLC purchased a new position in shares of Insperity in the fourth quarter valued at $34,000. Chesapeake Wealth Management boosted its stake in shares of Insperity by 8.3% in the fourth quarter. Chesapeake Wealth Management now owns 5,296 shares of the business services provider’s stock valued at $494,000 after purchasing an additional 406 shares during the period. Finally, Reinhart Partners Inc. boosted its stake in shares of Insperity by 1.3% in the fourth quarter. Reinhart Partners Inc. now owns 35,620 shares of the business services provider’s stock valued at $3,325,000 after purchasing an additional 470 shares during the period. Institutional investors own 81.24% of the company’s stock.
NSP has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Insperity from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. SunTrust Banks upped their target price on shares of Insperity to $129.00 and gave the company a “hold” rating in a research note on Tuesday, February 12th. Finally, Roth Capital upped their price target on shares of Insperity from $134.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, February 19th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $123.80.
In related news, Director Richard G. Rawson sold 4,166 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $127.07, for a total value of $529,373.62. Following the sale, the director now directly owns 105,919 shares of the company’s stock, valued at $13,459,127.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James D. Allison sold 2,000 shares of the company’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the sale, the senior vice president now directly owns 26,087 shares in the company, valued at $3,260,875. The disclosure for this sale can be found here. Insiders sold 125,974 shares of company stock worth $15,871,882 over the last ninety days. 9.58% of the stock is currently owned by corporate insiders.
NSP opened at $124.56 on Friday. The firm has a market capitalization of $5.06 billion, a P/E ratio of 36.96, a P/E/G ratio of 1.68 and a beta of 1.10. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.12 and a current ratio of 1.12. Insperity Inc has a 12-month low of $67.00 and a 12-month high of $132.50.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Monday, February 11th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.04. The firm had revenue of $966.80 million for the quarter, compared to analysts’ expectations of $959.22 million. Insperity had a net margin of 3.52% and a return on equity of 126.19%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. As a group, equities research analysts anticipate that Insperity Inc will post 4.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 14th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, March 13th. This is a boost from Insperity’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 0.96%. Insperity’s dividend payout ratio is currently 23.74%.
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Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management and training, and development services.
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