Quarry LP Raises Stock Holdings in Insperity, Inc. (NYSE:NSP)

Quarry LP boosted its holdings in shares of Insperity, Inc. (NYSE:NSP) by 205.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,088 shares of the business services provider’s stock after acquiring an additional 732 shares during the quarter. Quarry LP’s holdings in Insperity were worth $99,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NSP. Sunriver Management LLC lifted its position in shares of Insperity by 23.4% during the fourth quarter. Sunriver Management LLC now owns 226,192 shares of the business services provider’s stock worth $26,514,000 after purchasing an additional 42,869 shares during the last quarter. Empowered Funds LLC bought a new stake in Insperity during the 1st quarter valued at about $1,956,000. ProShare Advisors LLC grew its stake in Insperity by 10.5% in the 1st quarter. ProShare Advisors LLC now owns 80,514 shares of the business services provider’s stock worth $8,825,000 after acquiring an additional 7,626 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Insperity by 4.9% during the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock worth $428,696,000 after acquiring an additional 182,773 shares during the period. Finally, Quantbot Technologies LP raised its stake in shares of Insperity by 2,277.8% during the first quarter. Quantbot Technologies LP now owns 15,765 shares of the business services provider’s stock valued at $1,728,000 after acquiring an additional 15,102 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Activity

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

Insperity Stock Performance

NSP stock opened at $86.21 on Wednesday. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.17 and a quick ratio of 1.17. Insperity, Inc. has a 1-year low of $84.78 and a 1-year high of $119.40. The business has a 50-day moving average price of $92.40 and a 200 day moving average price of $97.41. The company has a market capitalization of $3.25 billion, a P/E ratio of 21.08, 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 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts forecast that Insperity, Inc. will post 2.43 EPS for the current fiscal year.

Insperity Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, September 5th. This represents a $2.40 annualized dividend and a yield of 2.78%. Insperity’s dividend payout ratio (DPR) is presently 58.68%.

Analysts Set New Price Targets

Separately, William Blair cut 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.