Edgestream Partners L.P. Buys Shares of 33,302 Insperity, Inc. (NYSE:NSP)

Edgestream Partners L.P. purchased a new position in shares of Insperity, Inc. (NYSE:NSP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 33,302 shares of the business services provider’s stock, valued at approximately $3,037,000.

Other hedge funds have also made changes to their positions in the company. Sunriver Management LLC grew its holdings in Insperity by 23.4% during the fourth quarter. Sunriver Management LLC now owns 226,192 shares of the business services provider’s stock valued at $26,514,000 after purchasing an additional 42,869 shares during the last quarter. Empowered Funds LLC acquired a new position in Insperity in the 1st quarter valued at $1,956,000. Ontario Teachers Pension Plan Board raised its holdings in Insperity by 279.1% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 57,167 shares of the business services provider’s stock worth $6,701,000 after acquiring an additional 42,088 shares during the period. ProShare Advisors LLC lifted its position in Insperity by 10.5% during the 1st quarter. ProShare Advisors LLC now owns 80,514 shares of the business services provider’s stock worth $8,825,000 after acquiring an additional 7,626 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Insperity by 4.9% during the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock valued at $428,696,000 after acquiring an additional 182,773 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the company’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 completion of the transaction, the chief executive officer now owns 509,129 shares of the company’s stock, valued at $46,956,967.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.50% of the company’s stock.

Insperity Trading Up 0.6 %

Shares of NYSE:NSP opened at $89.61 on Thursday. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.17 and a current ratio of 1.17. The stock’s 50-day moving average is $93.80 and its 200-day moving average is $98.02. The company has a market cap of $3.37 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.37 and a beta of 1.12. Insperity, Inc. has a 52-week low of $84.78 and a 52-week high of $119.40.

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

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Thursday, September 5th. Insperity’s dividend payout ratio (DPR) is presently 58.68%.

About Insperity

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.