MetLife Investment Advisors LLC trimmed its stake in shares of Insperity Inc (NYSE:NSP) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,134 shares of the business services provider’s stock after selling 490 shares during the period. MetLife Investment Advisors LLC owned about 0.09% of Insperity worth $4,839,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Advisors Preferred LLC bought a new position in shares of Insperity in the 1st quarter valued at about $26,000. Ffcm LLC acquired a new stake in shares of Insperity during the 4th quarter worth about $34,000. Bremer Trust National Association acquired a new stake in shares of Insperity during the 4th quarter worth about $48,000. Bremer Bank National Association acquired a new stake in shares of Insperity during the 1st quarter worth about $60,000. Finally, World Asset Management Inc acquired a new stake in shares of Insperity during the 1st quarter worth about $217,000. Institutional investors and hedge funds own 83.24% of the company’s stock.
In related news, CEO Paul J. Sarvadi sold 10,000 shares of Insperity stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $114.03, for a total transaction of $1,140,300.00. Following the sale, the chief executive officer now directly owns 679,650 shares of the company’s stock, valued at approximately $77,500,489.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Paul J. Sarvadi sold 40,000 shares of Insperity stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $120.32, for a total transaction of $4,812,800.00. The disclosure for this sale can be found here. Insiders sold a total of 64,522 shares of company stock valued at $7,694,069 over the last 90 days. Corporate insiders own 6.86% of the company’s stock.
Insperity (NYSE:NSP) last issued its earnings results on Monday, April 29th. The business services provider reported $1.98 EPS for the quarter, beating the consensus estimate of $1.88 by $0.10. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Insperity had a net margin of 4.06% and a return on equity of 138.18%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 EPS. As a group, equities research analysts expect that Insperity Inc will post 4.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 10th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, June 7th. Insperity’s payout ratio is presently 35.61%.
A number of analysts have recently issued reports on NSP shares. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. SunTrust Banks raised their target price on shares of FTI Consulting to $88.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Insperity currently has an average rating of “Buy” and a consensus target price of $126.40.
Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which 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.
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