Logan Capital Management Inc. Has $7.40 Million Stock Position in Insperity, Inc. (NYSE:NSP)

Logan Capital Management Inc. increased its stake in Insperity, Inc. (NYSE:NSPGet Rating) by 0.8% during the first quarter, Holdings Channel.com reports. The fund owned 73,735 shares of the business services provider’s stock after buying an additional 602 shares during the period. Logan Capital Management Inc.’s holdings in Insperity were worth $7,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NSP. Mawer Investment Management Ltd. increased its holdings in Insperity by 1.3% in the first quarter. Mawer Investment Management Ltd. now owns 4,920,759 shares of the business services provider’s stock worth $494,143,000 after purchasing an additional 61,473 shares in the last quarter. State Street Corp increased its holdings in Insperity by 0.6% in the fourth quarter. State Street Corp now owns 1,095,957 shares of the business services provider’s stock worth $129,443,000 after purchasing an additional 6,159 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Insperity by 274.5% in the fourth quarter. Alliancebernstein L.P. now owns 1,001,963 shares of the business services provider’s stock worth $118,342,000 after purchasing an additional 734,422 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Insperity by 129.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 724,095 shares of the business services provider’s stock worth $72,714,000 after purchasing an additional 409,174 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its holdings in Insperity by 0.8% in the first quarter. Anchor Capital Advisors LLC now owns 676,769 shares of the business services provider’s stock worth $67,961,000 after purchasing an additional 5,155 shares in the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.

Insperity Trading Up 2.4 %

NYSE NSP opened at $112.67 on Friday. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 31.12, a P/E/G ratio of 1.82 and a beta of 1.34. Insperity, Inc. has a 52 week low of $83.94 and a 52 week high of $129.32. The business has a 50 day moving average price of $107.84 and a 200-day moving average price of $101.05. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 10.51.

Insperity (NYSE:NSPGet Rating) last released its quarterly earnings data on Monday, August 1st. The business services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.71 by $0.16. Insperity had a return on equity of 341.97% and a net margin of 2.55%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. As a group, equities analysts expect that Insperity, Inc. will post 4.03 earnings per share for the current fiscal year.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $2.08 annualized dividend and a yield of 1.85%. Insperity’s dividend payout ratio (DPR) is currently 57.46%.

Insider Buying and Selling

In related news, COO Arthur A. Arizpe sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief operating officer now owns 71,668 shares in the company, valued at $7,883,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Arthur A. Arizpe sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $110.00, for a total transaction of $550,000.00. Following the completion of the sale, the chief operating officer now owns 71,668 shares in the company, valued at $7,883,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul J. Sarvadi sold 23,918 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $110.42, for a total value of $2,641,025.56. Following the sale, the chief executive officer now owns 596,667 shares of the company’s stock, valued at approximately $65,883,970.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 60,576 shares of company stock worth $6,727,485. 6.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. William Blair reiterated an “outperform” rating on shares of Insperity in a report on Tuesday, August 2nd. TheStreet upgraded Insperity from a “c+” rating to a “b-” rating in a report on Wednesday, July 20th. Finally, Truist Financial decreased their price objective on Insperity from $138.00 to $120.00 in a report on Friday, July 15th.

Insperity Profile

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Insperity, Inc provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company 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.

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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