LRI Investments LLC Raises Position in Insperity, Inc. (NYSE:NSP)

LRI Investments LLC raised its position in Insperity, Inc. (NYSE:NSP) by 20.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,465 shares of the business services provider’s stock after buying an additional 417 shares during the period. LRI Investments LLC’s holdings in Insperity were worth $225,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Principal Securities Inc. acquired a new stake in shares of Insperity in the fourth quarter worth approximately $32,000. GAMMA Investing LLC acquired a new stake in Insperity during the 4th quarter worth $34,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Insperity during the fourth quarter worth $34,000. SRS Capital Advisors Inc. raised its position in shares of Insperity by 387.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 375 shares of the business services provider’s stock valued at $44,000 after buying an additional 298 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Insperity by 1,600.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 391 shares of the business services provider’s stock worth $46,000 after buying an additional 368 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 12,183 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $95.41, for a total transaction of $1,162,380.03. Following the completion of the sale, the chief executive officer now directly owns 525,252 shares of the company’s stock, valued at approximately $50,114,293.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 509,129 shares in the company, valued at $46,956,967.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul J. Sarvadi sold 12,183 shares of Insperity stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $95.41, for a total value of $1,162,380.03. Following the completion of the sale, the chief executive officer now directly owns 525,252 shares of the company’s stock, valued at $50,114,293.32. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.

Insperity Price Performance

Insperity stock opened at $93.58 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 2.60. The company has a 50-day moving average price of $94.24 and a 200 day moving average price of $99.02. Insperity, Inc. has a 12-month low of $85.04 and a 12-month high of $119.40. The stock has a market cap of $3.52 billion, a P/E ratio of 22.88, a PEG ratio of 2.67 and a beta of 1.13.

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

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $2.40 dividend on an annualized basis and a yield of 2.56%. Insperity’s dividend payout ratio is currently 58.68%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NSP shares. StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. William Blair reaffirmed an “outperform” rating on shares of Insperity in a report on Friday, May 17th. Finally, Robert W. Baird lifted their price objective on Insperity from $105.00 to $109.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th.

Insperity Company 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.