Advisors Asset Management Inc. Has $257,000 Position in Insperity Inc (NSP)

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Advisors Asset Management Inc. decreased its position in shares of Insperity Inc (NYSE:NSP) by 71.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,631 shares of the business services provider’s stock after selling 11,622 shares during the quarter. Advisors Asset Management Inc.’s holdings in Insperity were worth $257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Capital Group LLC lifted its stake in shares of Insperity by 566.1% during the 2nd quarter. Private Capital Group LLC now owns 1,099 shares of the business services provider’s stock valued at $104,000 after buying an additional 934 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Insperity during the 2nd quarter valued at $124,000. Advisory Services Network LLC purchased a new position in shares of Insperity during the 2nd quarter valued at $164,000. Macquarie Group Ltd. lifted its stake in shares of Insperity by 53.8% during the 2nd quarter. Macquarie Group Ltd. now owns 2,000 shares of the business services provider’s stock valued at $191,000 after buying an additional 700 shares in the last quarter. Finally, Advisors Preferred LLC lifted its stake in shares of Insperity by 825.0% during the 2nd quarter. Advisors Preferred LLC now owns 2,109 shares of the business services provider’s stock valued at $201,000 after buying an additional 1,881 shares in the last quarter. Institutional investors own 82.48% of the company’s stock.

Shares of NYSE NSP opened at $107.92 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 53.20, a P/E/G ratio of 2.07 and a beta of 0.81. Insperity Inc has a 52-week low of $46.03 and a 52-week high of $121.15.

Insperity (NYSE:NSP) last announced its quarterly earnings results on Wednesday, August 1st. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. The company had revenue of $922.30 million for the quarter, compared to the consensus estimate of $900.20 million. Insperity had a net margin of 3.06% and a return on equity of 122.44%. Insperity’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. On average, equities analysts forecast that Insperity Inc will post 3.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Monday, September 17th were issued a $0.20 dividend. The ex-dividend date was Friday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 0.74%. Insperity’s dividend payout ratio is currently 39.22%.

A number of research firms recently weighed in on NSP. First Analysis restated an “equal weight” rating on shares of Insperity in a research note on Thursday, August 2nd. Roth Capital lifted their target price on shares of Insperity from $88.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research cut shares of Insperity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $104.80.

In other Insperity news, EVP Arthur A. Arizpe sold 15,000 shares of Insperity stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $108.50, for a total value of $1,627,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Douglas S. Sharp sold 1,823 shares of Insperity stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $115.60, for a total transaction of $210,738.80. Following the completion of the sale, the senior vice president now owns 19,967 shares in the company, valued at $2,308,185.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 169,663 shares of company stock worth $18,651,192. 9.58% of the stock is currently owned by insiders.

About Insperity

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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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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