AQR Capital Management LLC Sells 74,513 Shares of Insperity, Inc. (NYSE:NSP)

AQR Capital Management LLC decreased its holdings in shares of Insperity, Inc. (NYSE:NSP) by 35.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,622 shares of the business services provider’s stock after selling 74,513 shares during the quarter. AQR Capital Management LLC owned approximately 0.35% of Insperity worth $12,188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NSP. Retirement Systems of Alabama raised its holdings in Insperity by 0.3% during the first quarter. Retirement Systems of Alabama now owns 44,484 shares of the business services provider’s stock valued at $4,876,000 after buying an additional 126 shares in the last quarter. Andina Capital Management LLC raised its stake in shares of Insperity by 5.4% in the 2nd quarter. Andina Capital Management LLC now owns 2,736 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 140 shares in the last quarter. Grandeur Peak Global Advisors LLC lifted its holdings in Insperity by 0.3% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 43,984 shares of the business services provider’s stock worth $4,821,000 after purchasing an additional 146 shares during the last quarter. Personal CFO Solutions LLC lifted its holdings in Insperity by 5.2% in the 4th quarter. Personal CFO Solutions LLC now owns 3,406 shares of the business services provider’s stock worth $399,000 after purchasing an additional 169 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Insperity by 1.9% during the second quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider’s stock worth $905,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Stock Performance

NSP opened at $86.21 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.60. The stock’s 50 day moving average price is $92.40 and its two-hundred day moving average price is $97.41. The firm has a market capitalization of $3.25 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.50 and a beta of 1.12. Insperity, Inc. has a 12-month low of $84.78 and a 12-month high of $119.40.

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

Insperity Announces Dividend

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 2.78%. The ex-dividend date 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.

Wall Street Analysts Forecast Growth

Separately, William Blair lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th.

About Insperity

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.