5,976 Shares in Insperity, Inc. (NYSE:NSP) Bought by Seven Eight Capital LP

Seven Eight Capital LP acquired a new position in Insperity, Inc. (NYSE:NSPFree Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,976 shares of the business services provider’s stock, valued at approximately $583,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Insperity by 1.8% during the second quarter. BlackRock Inc. now owns 5,676,022 shares of the business services provider’s stock valued at $675,220,000 after buying an additional 102,371 shares during the last quarter. State Street Corp grew its stake in shares of Insperity by 0.8% during the second quarter. State Street Corp now owns 1,194,875 shares of the business services provider’s stock valued at $142,142,000 after buying an additional 9,627 shares during the last quarter. Earnest Partners LLC grew its stake in shares of Insperity by 24.7% during the third quarter. Earnest Partners LLC now owns 1,045,622 shares of the business services provider’s stock valued at $102,053,000 after buying an additional 207,283 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Insperity by 5.6% during the second quarter. Geode Capital Management LLC now owns 851,976 shares of the business services provider’s stock valued at $101,351,000 after buying an additional 45,317 shares during the last quarter. Finally, Reinhart Partners LLC. grew its stake in shares of Insperity by 15.6% during the third quarter. Reinhart Partners LLC. now owns 833,045 shares of the business services provider’s stock valued at $81,305,000 after buying an additional 112,604 shares during the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Insider Activity

In other news, Director Richard G. Rawson sold 5,000 shares of Insperity stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $117.50, for a total transaction of $587,500.00. Following the completion of the transaction, the director now directly owns 84,643 shares in the company, valued at $9,945,552.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.61% of the company’s stock.

Analyst Ratings Changes

NSP has been the topic of a number of recent research reports. TheStreet cut Insperity from a “b” rating to a “c+” rating in a research note on Monday, February 12th. StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Insperity presently has an average rating of “Moderate Buy” and an average price target of $115.00.

Read Our Latest Analysis on NSP

Insperity Stock Up 0.7 %

NYSE NSP opened at $101.05 on Friday. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $3.77 billion, a PE ratio of 22.66, a PEG ratio of 2.89 and a beta of 1.13. Insperity, Inc. has a 1 year low of $90.80 and a 1 year high of $131.09. The business’s 50-day moving average is $107.64 and its 200 day moving average is $106.07.

Insperity (NYSE:NSPGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.08. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Insperity had a return on equity of 153.34% and a net margin of 2.64%. Sell-side analysts forecast that Insperity, Inc. will post 2.34 earnings per share for the current year.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $2.28 annualized dividend and a dividend yield of 2.26%. Insperity’s payout ratio is 51.12%.

Insperity Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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