Thrivent Financial for Lutherans Sells 234 Shares of Insperity, Inc. (NYSE:NSP)

Thrivent Financial for Lutherans decreased its position in Insperity, Inc. (NYSE:NSP) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,643 shares of the business services provider’s stock after selling 234 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Insperity were worth $788,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NSP. Mawer Investment Management Ltd. grew its stake in shares of Insperity by 18.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 4,991,238 shares of the business services provider’s stock valued at $547,090,000 after buying an additional 780,917 shares in the last quarter. Vanguard Group Inc. boosted its position in Insperity by 4.9% during the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock worth $428,696,000 after purchasing an additional 182,773 shares during the period. Reinhart Partners LLC. boosted its position in Insperity by 13.3% during the second quarter. Reinhart Partners LLC. now owns 1,013,874 shares of the business services provider’s stock worth $92,475,000 after purchasing an additional 118,902 shares during the period. Earnest Partners LLC boosted its position in Insperity by 4.9% during the first quarter. Earnest Partners LLC now owns 1,291,138 shares of the business services provider’s stock worth $141,522,000 after purchasing an additional 60,852 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Insperity during the second quarter worth approximately $5,536,000. Institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 509,129 shares of the company’s stock, valued at $46,956,967.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.50% of the company’s stock.

Insperity Stock Performance

Shares of NYSE NSP opened at $85.00 on Tuesday. The business has a fifty day simple moving average of $90.91 and a 200 day simple moving average of $96.89. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.50 and a beta of 1.11. Insperity, Inc. has a one year low of $84.25 and a one year high of $119.40.

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

Insperity Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity’s dividend payout ratio (DPR) is currently 58.68%.

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.