Raymond James & Associates Buys 4,065 Shares of Insperity, Inc. (NYSE:NSP)

Raymond James & Associates grew its stake in shares of Insperity, Inc. (NYSE:NSPGet Rating) by 13.4% in the third quarter, Holdings Channel reports. The institutional investor owned 34,459 shares of the business services provider’s stock after purchasing an additional 4,065 shares during the period. Raymond James & Associates’ holdings in Insperity were worth $3,518,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NSP. American Century Companies Inc. lifted its position in Insperity by 20.6% in the first quarter. American Century Companies Inc. now owns 5,539 shares of the business services provider’s stock worth $556,000 after purchasing an additional 946 shares during the period. Rhumbline Advisers boosted its position in shares of Insperity by 2.9% during the 1st quarter. Rhumbline Advisers now owns 103,906 shares of the business services provider’s stock valued at $10,434,000 after acquiring an additional 2,942 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Insperity by 10.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,067 shares of the business services provider’s stock valued at $1,312,000 after acquiring an additional 1,195 shares during the period. Great West Life Assurance Co. Can raised its position in Insperity by 9.1% in the first quarter. Great West Life Assurance Co. Can now owns 20,955 shares of the business services provider’s stock worth $2,164,000 after purchasing an additional 1,740 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Insperity by 1.1% during the first quarter. Yousif Capital Management LLC now owns 19,035 shares of the business services provider’s stock worth $1,911,000 after purchasing an additional 206 shares during the period. Institutional investors own 90.19% of the company’s stock.

Insperity Price Performance

Insperity stock opened at $111.67 on Friday. Insperity, Inc. has a 52 week low of $83.94 and a 52 week high of $121.75. The firm has a market cap of $4.24 billion, a P/E ratio of 28.63, a P/E/G ratio of 1.81 and a beta of 1.26. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.15 and a current ratio of 1.15. The business’s fifty day moving average is $115.07 and its two-hundred day moving average is $110.60.

Insperity (NYSE:NSPGet Rating) last issued its quarterly earnings data on Monday, October 31st. The business services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. Insperity had a net margin of 2.63% and a return on equity of 472.09%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. Equities research analysts forecast that Insperity, Inc. will post 4.37 earnings per share for the current fiscal year.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Tuesday, December 6th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.86%. The ex-dividend date was Monday, December 5th. Insperity’s dividend payout ratio is 53.33%.

Insider Buying and Selling at Insperity

In other news, CEO Paul J. Sarvadi sold 36,438 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $120.68, for a total transaction of $4,397,337.84. Following the transaction, the chief executive officer now owns 541,983 shares of the company’s stock, valued at $65,406,508.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Paul J. Sarvadi sold 36,438 shares of Insperity stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $120.68, for a total transaction of $4,397,337.84. Following the completion of the sale, the chief executive officer now owns 541,983 shares in the company, valued at approximately $65,406,508.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James D. Allison sold 2,000 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $120.00, for a total transaction of $240,000.00. Following the completion of the transaction, the executive vice president now owns 47,380 shares in the company, valued at $5,685,600. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,889 shares of company stock worth $6,101,779. Insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

NSP has been the subject of a number of recent research reports. Roth Capital increased their target price on Insperity from $131.00 to $139.00 in a report on Tuesday, November 1st. StockNews.com assumed coverage on shares of Insperity in a research report on Wednesday, October 12th. They issued a “strong-buy” rating on the stock.

About Insperity

(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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