Envestnet Portfolio Solutions Inc. Has $321,000 Holdings in Insperity, Inc. (NYSE:NSP)

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of Insperity, Inc. (NYSE:NSP) by 12.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,736 shares of the business services provider’s stock after selling 403 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Insperity were worth $321,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NSP. WINTON GROUP Ltd raised its stake in shares of Insperity by 2.9% in the 3rd quarter. WINTON GROUP Ltd now owns 4,002 shares of the business services provider’s stock valued at $391,000 after purchasing an additional 112 shares during the period. Paralel Advisors LLC raised its stake in shares of Insperity by 1.3% in the 3rd quarter. Paralel Advisors LLC now owns 15,754 shares of the business services provider’s stock valued at $1,538,000 after purchasing an additional 197 shares during the period. Personal CFO Solutions LLC raised its stake in shares of Insperity by 7.5% in the 3rd quarter. Personal CFO Solutions LLC now owns 3,237 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 227 shares during the period. Arizona State Retirement System raised its stake in shares of Insperity by 2.3% in the 3rd quarter. Arizona State Retirement System now owns 10,337 shares of the business services provider’s stock valued at $1,009,000 after purchasing an additional 237 shares during the period. Finally, Principal Securities Inc. acquired a new stake in shares of Insperity in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Buying and Selling

In related news, Director John M. Morphy sold 3,300 shares of Insperity stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $102.42, for a total transaction of $337,986.00. Following the completion of the transaction, the director now owns 7,633 shares in the company, valued at $781,771.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Douglas S. Sharp sold 5,212 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $104.47, for a total transaction of $544,497.64. Following the completion of the sale, the chief financial officer now owns 28,516 shares in the company, valued at $2,979,066.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John M. Morphy sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $102.42, for a total value of $337,986.00. Following the sale, the director now owns 7,633 shares of the company’s stock, valued at approximately $781,771.86. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NSP. StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. William Blair restated an “outperform” rating on shares of Insperity in a report on Friday, May 17th. TheStreet cut Insperity from a “b” rating to a “c+” rating in a report on Monday, February 12th. Finally, Robert W. Baird raised their price objective on Insperity from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $109.50.

Insperity Price Performance

Shares of NYSE NSP opened at $100.17 on Friday. Insperity, Inc. has a fifty-two week low of $90.80 and a fifty-two week high of $128.91. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.94 and a beta of 1.16. The business has a 50-day moving average of $105.21 and a 200-day moving average of $108.27.

Insperity (NYSE:NSP) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.24. Insperity had a return on equity of 137.14% and a net margin of 2.39%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.81 billion. As a group, sell-side analysts predict that Insperity, Inc. will post 2.34 earnings per share for the current fiscal year.

Insperity Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a yield of 2.40%. This is a boost from Insperity’s previous quarterly dividend of $0.57. Insperity’s dividend payout ratio (DPR) is presently 55.75%.

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.