Insperity, Inc. (NYSE:NSP) Short Interest Down 17.9% in April

Insperity, Inc. (NYSE:NSPGet Rating) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 612,800 shares, a decline of 17.9% from the March 31st total of 746,500 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 236,500 shares, the short-interest ratio is presently 2.6 days.

Several analysts have recently commented on the company. TheStreet cut Insperity from a “b” rating to a “c+” rating in a research report on Friday, February 11th. Zacks Investment Research lowered Insperity from a “hold” rating to a “strong sell” rating and set a $79.00 price objective for the company. in a research report on Thursday, February 17th. Finally, StockNews.com upgraded Insperity from a “buy” rating to a “strong-buy” rating in a report on Friday, April 29th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $113.08.

In other Insperity news, CEO Paul J. Sarvadi sold 6,608 shares of the firm’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $110.02, for a total value of $727,012.16. Following the completion of the transaction, the chief executive officer now directly owns 653,977 shares in the company, valued at $71,950,549.54. The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.10% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. National Bank of Canada FI lifted its position in shares of Insperity by 10.2% in the first quarter. National Bank of Canada FI now owns 1,829 shares of the business services provider’s stock worth $184,000 after buying an additional 170 shares during the last quarter. Skylands Capital LLC raised its stake in shares of Insperity by 19.6% in the 1st quarter. Skylands Capital LLC now owns 14,800 shares of the business services provider’s stock valued at $1,486,000 after acquiring an additional 2,425 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Insperity by 59.4% in the 1st quarter. Russell Investments Group Ltd. now owns 69,328 shares of the business services provider’s stock valued at $6,963,000 after acquiring an additional 25,827 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in Insperity by 33.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,414 shares of the business services provider’s stock worth $946,000 after purchasing an additional 2,335 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Insperity by 69.1% during the first quarter. Victory Capital Management Inc. now owns 8,407 shares of the business services provider’s stock worth $892,000 after purchasing an additional 3,434 shares during the period. Institutional investors own 88.08% of the company’s stock.

NSP opened at $103.85 on Friday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.83 and a beta of 1.44. Insperity has a 1 year low of $82.82 and a 1 year high of $129.32. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 10.88. The stock has a fifty day moving average price of $98.43 and a 200 day moving average price of $106.77.

Insperity (NYSE:NSPGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.19. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.54 billion. Insperity had a return on equity of 244.01% and a net margin of 2.51%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the business earned $1.58 EPS. As a group, sell-side analysts forecast that Insperity will post 3.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Wednesday, March 9th. Insperity’s dividend payout ratio (DPR) is presently 52.94%.

Insperity Company Profile (Get Rating)

Insperity, Inc provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company 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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