Mirae Asset Global Investments Co. Ltd. Buys 10,969 Shares of Insperity, Inc. (NYSE:NSP)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Insperity, Inc. (NYSE:NSP) by 63.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,337 shares of the business services provider’s stock after buying an additional 10,969 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Insperity worth $3,228,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of NSP. Principal Securities Inc. bought a new position in Insperity in the 4th quarter worth about $32,000. GAMMA Investing LLC bought a new position in shares of Insperity in the fourth quarter valued at approximately $34,000. C M Bidwell & Associates Ltd. bought a new stake in Insperity during the 4th quarter worth approximately $34,000. SRS Capital Advisors Inc. lifted its stake in Insperity by 387.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 375 shares of the business services provider’s stock worth $44,000 after purchasing an additional 298 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in Insperity by 1,600.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 391 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 368 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NSP. William Blair reiterated an “outperform” rating on shares of Insperity in a research report on Friday, May 17th. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, Robert W. Baird lifted their price target on Insperity from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Insperity has a consensus rating of “Moderate Buy” and an average price target of $109.50.

Insperity Price Performance

NSP opened at $90.36 on Friday. The stock’s 50 day moving average price is $96.48 and its 200-day moving average price is $103.37. Insperity, Inc. has a 52-week low of $85.04 and a 52-week high of $123.21. The stock has a market capitalization of $3.40 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.44 and a beta of 1.13. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.15 and a current ratio of 1.15.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.24. Insperity had a return on equity of 137.14% and a net margin of 2.39%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, equities research analysts predict that Insperity, Inc. will post 2.43 EPS for the current year.

Insperity Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were paid a $0.60 dividend. This is a boost from Insperity’s previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, June 7th. Insperity’s dividend payout ratio is currently 58.68%.

Insider Activity

In other Insperity news, CFO Douglas S. Sharp sold 5,212 shares of Insperity stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $104.47, for a total value of $544,497.64. Following the completion of the transaction, the chief financial officer now directly owns 28,516 shares of the company’s stock, valued at $2,979,066.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director John M. Morphy sold 3,300 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $102.42, for a total value of $337,986.00. Following the completion of the sale, the director now directly owns 7,633 shares of the company’s stock, valued at approximately $781,771.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Douglas S. Sharp sold 5,212 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $104.47, for a total transaction of $544,497.64. Following the completion of the sale, the chief financial officer now directly owns 28,516 shares of the company’s stock, valued at $2,979,066.52. The disclosure for this sale can be found here. Insiders sold 20,695 shares of company stock worth $2,044,864 over the last three months. 5.50% of the stock is currently owned by corporate insiders.

Insperity 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.