Hsbc Holdings PLC Raises Stake in Insperity, Inc. (NYSE:NSP)

Hsbc Holdings PLC lifted its holdings in shares of Insperity, Inc. (NYSE:NSP) by 62.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,904 shares of the business services provider’s stock after purchasing an additional 2,645 shares during the quarter. Hsbc Holdings PLC’s holdings in Insperity were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. C M Bidwell & Associates Ltd. purchased a new position in shares of Insperity during the 4th quarter worth $34,000. Quarry LP acquired a new position in Insperity during the 4th quarter worth about $55,000. nVerses Capital LLC acquired a new position in Insperity during the 2nd quarter worth about $64,000. EntryPoint Capital LLC lifted its stake in Insperity by 164.3% during the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock worth $94,000 after acquiring an additional 534 shares in the last quarter. Finally, Accordant Advisory Group Inc acquired a new position in Insperity during the 2nd quarter worth about $109,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insperity Price Performance

NSP opened at $87.98 on Tuesday. The stock’s 50-day moving average price is $92.65 and its 200 day moving average price is $97.48. Insperity, Inc. has a 12-month low of $84.78 and a 12-month high of $119.40. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.60. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.50 and a beta of 1.12.

Insperity (NYSE:NSP) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. Insperity had a return on equity of 138.16% and a net margin of 2.46%. Insperity’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. As a group, sell-side analysts expect that Insperity, Inc. will post 2.43 earnings per share for the current year.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Thursday, September 5th. Insperity’s dividend payout ratio is currently 58.68%.

Insider Buying and Selling at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $92.23, for a total value of $1,487,024.29. Following the sale, the chief executive officer now owns 509,129 shares of the company’s stock, valued at approximately $46,956,967.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, William Blair lowered Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th.

Insperity Profile

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.