State of New Jersey Common Pension Fund D Sells 9,190 Shares of Insperity, Inc. (NYSE:NSP)

State of New Jersey Common Pension Fund D reduced its stake in shares of Insperity, Inc. (NYSE:NSP) by 32.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,196 shares of the business services provider’s stock after selling 9,190 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of Insperity worth $1,751,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Securities Inc. acquired a new stake in Insperity in the 4th quarter worth approximately $32,000. Janney Montgomery Scott LLC raised its position in shares of Insperity by 5.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,052 shares of the business services provider’s stock valued at $475,000 after purchasing an additional 227 shares during the period. Norges Bank acquired a new stake in shares of Insperity in the fourth quarter worth $42,085,000. Quest Partners LLC bought a new stake in shares of Insperity during the 4th quarter worth $92,000. Finally, Olympiad Research LP acquired a new position in Insperity in the 4th quarter valued at $427,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, William Blair lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday.

Insperity Stock Performance

Shares of NYSE NSP opened at $86.88 on Wednesday. Insperity, Inc. has a 12 month low of $84.78 and a 12 month high of $119.40. The company has a market cap of $3.27 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.37 and a beta of 1.12. The business’s 50 day moving average is $93.46 and its two-hundred day moving average is $97.75. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.60.

Insperity (NYSE:NSP) last announced its 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. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Insperity’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts expect that Insperity, Inc. will post 2.43 EPS for the current year.

Insperity Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity’s payout ratio is presently 58.68%.

Insider Buying and Selling

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $92.23, for a total value of $1,487,024.29. Following the completion of the transaction, the chief executive officer now owns 509,129 shares of the company’s stock, valued at approximately $46,956,967.67. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.50% of the stock is owned by company insiders.

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.