Texas Permanent School Fund Corp Buys 15,806 Shares of Insperity, Inc. (NYSE:NSP)

Texas Permanent School Fund Corp increased its stake in Insperity, Inc. (NYSE:NSP) by 51.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,809 shares of the business services provider’s stock after acquiring an additional 15,806 shares during the period. Texas Permanent School Fund Corp owned about 0.12% of Insperity worth $4,269,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in Insperity by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 365,641 shares of the business services provider’s stock valued at $42,860,000 after purchasing an additional 2,595 shares during the last quarter. Principal Securities Inc. bought a new stake in Insperity during the 4th quarter valued at $32,000. Teacher Retirement System of Texas boosted its position in Insperity by 65.4% during the 4th quarter. Teacher Retirement System of Texas now owns 10,973 shares of the business services provider’s stock valued at $1,286,000 after buying an additional 4,337 shares during the period. Dimensional Fund Advisors LP grew its holdings in Insperity by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 702,844 shares of the business services provider’s stock worth $82,386,000 after acquiring an additional 19,096 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Insperity by 41.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 398,284 shares of the business services provider’s stock valued at $46,687,000 after acquiring an additional 116,226 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insperity Stock Up 2.1 %

Shares of NYSE NSP opened at $88.48 on Friday. The firm has a fifty day simple moving average of $93.69 and a two-hundred day simple moving average of $98.27. The firm has a market capitalization of $3.32 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.60. Insperity, Inc. has a 12 month low of $84.78 and a 12 month high of $119.40.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the business posted $0.33 earnings per share. Insperity’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts expect that Insperity, Inc. will post 2.43 earnings per share for the current year.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Thursday, September 5th. Insperity’s dividend payout ratio is presently 58.68%.

Insider Buying and Selling

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $46,956,967.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on NSP. Robert W. Baird raised their target price on Insperity from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. William Blair reiterated an “outperform” rating on shares of Insperity in a report on Friday, May 17th.

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.