ProShare Advisors LLC Boosts Stock Holdings in Insperity, Inc. $NSP

ProShare Advisors LLC boosted its position in Insperity, Inc. (NYSE:NSP) by 22.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,643 shares of the business services provider’s stock after acquiring an additional 20,015 shares during the quarter. ProShare Advisors LLC’s holdings in Insperity were worth $6,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Insperity in the second quarter valued at about $4,238,000. Retirement Systems of Alabama grew its position in shares of Insperity by 1.5% in the 2nd quarter. Retirement Systems of Alabama now owns 43,690 shares of the business services provider’s stock worth $2,627,000 after acquiring an additional 642 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Insperity by 30.3% during the second quarter. Teacher Retirement System of Texas now owns 90,441 shares of the business services provider’s stock valued at $5,437,000 after purchasing an additional 21,027 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Insperity during the second quarter worth about $589,000. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Insperity by 6.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 32,804 shares of the business services provider’s stock worth $1,972,000 after purchasing an additional 2,092 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insperity Trading Down 1.4%

NYSE:NSP opened at $33.19 on Friday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 31.31 and a beta of 0.52. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.29. Insperity, Inc. has a 12 month low of $32.62 and a 12 month high of $95.98. The company’s 50 day moving average is $46.43 and its 200-day moving average is $55.48.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.42). Insperity had a net margin of 0.60% and a return on equity of 35.32%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Thursday, September 4th. Insperity’s dividend payout ratio is currently 521.74%.

Insider Buying and Selling at Insperity

In related news, Director Randall Mehl purchased 1,000 shares of Insperity stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of $33.88 per share, with a total value of $33,880.00. Following the acquisition, the director directly owned 25,707 shares in the company, valued at approximately $870,953.16. This trade represents a 4.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Paul J. Sarvadi sold 10,850 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $51.98, for a total transaction of $563,983.00. Following the completion of the sale, the chief executive officer owned 428,001 shares in the company, valued at $22,247,491.98. This represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.50% of the company’s stock.

Wall Street Analysts Forecast Growth

NSP has been the topic of several recent research reports. Roth Capital reiterated a “buy” rating and issued a $71.00 price objective on shares of Insperity in a research report on Tuesday, November 4th. Zacks Research lowered Insperity from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Wall Street Zen cut Insperity from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. reduced their price objective on shares of Insperity from $51.00 to $34.00 and set an “underweight” rating for the company in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Insperity in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $46.67.

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.