Mutual of America Capital Management LLC Sells 2,718 Shares of Insperity, Inc. (NYSE:NSP)

Mutual of America Capital Management LLC cut its stake in Insperity, Inc. (NYSE:NSPGet Rating) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,798 shares of the business services provider’s stock after selling 2,718 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of Insperity worth $2,975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mackenzie Financial Corp raised its stake in shares of Insperity by 47.7% in the second quarter. Mackenzie Financial Corp now owns 7,997 shares of the business services provider’s stock worth $798,000 after purchasing an additional 2,584 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Insperity by 5.9% in the second quarter. Principal Financial Group Inc. now owns 158,426 shares of the business services provider’s stock worth $15,816,000 after purchasing an additional 8,757 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of Insperity by 30.4% during the second quarter. WINTON GROUP Ltd now owns 16,497 shares of the business services provider’s stock valued at $1,647,000 after acquiring an additional 3,842 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Insperity during the second quarter valued at approximately $1,154,000. Finally, Duality Advisers LP purchased a new stake in shares of Insperity during the second quarter valued at approximately $354,000. 89.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NSP. StockNews.com began coverage on Insperity in a research report on Wednesday, October 12th. They set a “strong-buy” rating for the company. William Blair reaffirmed an “outperform” rating on shares of Insperity in a research report on Tuesday, August 2nd. Finally, Roth Capital increased their price target on Insperity from $131.00 to $139.00 in a research report on Tuesday, November 1st.

Insiders Place Their Bets

In other Insperity news, CEO Paul J. Sarvadi sold 36,438 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $120.68, for a total value of $4,397,337.84. Following the completion of the sale, the chief executive officer now directly owns 541,983 shares of the company’s stock, valued at $65,406,508.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Paul J. Sarvadi sold 36,438 shares of the firm’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $120.68, for a total value of $4,397,337.84. Following the completion of the transaction, the chief executive officer now directly owns 541,983 shares of the company’s stock, valued at $65,406,508.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard G. Rawson sold 9,951 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $117.52, for a total value of $1,169,441.52. Following the completion of the transaction, the director now directly owns 52,896 shares of the company’s stock, valued at $6,216,337.92. The disclosure for this sale can be found here. Insiders sold 52,956 shares of company stock valued at $6,335,867 over the last ninety days. 6.10% of the stock is currently owned by insiders.

Insperity Stock Performance

NYSE:NSP opened at $118.70 on Tuesday. The company has a debt-to-equity ratio of 6.11, a current ratio of 1.15 and a quick ratio of 1.15. The business has a fifty day simple moving average of $109.61 and a two-hundred day simple moving average of $105.24. Insperity, Inc. has a 1 year low of $83.94 and a 1 year high of $125.52. The company has a market capitalization of $4.50 billion, a P/E ratio of 30.44, a P/E/G ratio of 1.79 and a beta of 1.31.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Tuesday, December 6th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, December 5th. Insperity’s dividend payout ratio is currently 53.33%.

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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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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