Algert Global LLC Sells 3,861 Shares of Insperity, Inc. (NYSE:NSP)

Algert Global LLC reduced its position in Insperity, Inc. (NYSE:NSP) by 52.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,569 shares of the business services provider’s stock after selling 3,861 shares during the period. Algert Global LLC’s holdings in Insperity were worth $326,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Mawer Investment Management Ltd. lifted its stake in shares of Insperity by 18.5% during 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. lifted its position in shares of 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 acquiring an additional 182,773 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in shares of Insperity by 13.3% in the second quarter. Reinhart Partners LLC. now owns 1,013,874 shares of the business services provider’s stock worth $92,475,000 after acquiring an additional 118,902 shares during the period. Earnest Partners LLC grew its position in shares of Insperity by 4.9% in the first quarter. Earnest Partners LLC now owns 1,291,138 shares of the business services provider’s stock valued at $141,522,000 after purchasing an additional 60,852 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Insperity during the 2nd quarter valued at $5,536,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Insperity

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were 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 in the company, valued at approximately $46,956,967.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.50% of the stock is currently owned by company insiders.

Insperity Stock Performance

NYSE NSP opened at $85.25 on Wednesday. The company’s 50 day simple moving average is $90.55 and its two-hundred day simple moving average is $96.75. The stock has a market capitalization of $3.21 billion, a PE ratio of 20.84, a P/E/G ratio of 2.50 and a beta of 1.11. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.17 and a quick ratio of 1.17. Insperity, Inc. has a 1 year low of $84.25 and a 1 year high of $119.40.

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