State of New Jersey Common Pension Fund D Sells 9,190 Shares of Insperity, Inc. (NYSE:NSP)

State of New Jersey Common Pension Fund D cut its stake in shares of Insperity, Inc. (NYSE:NSP) by 32.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,196 shares of the business services provider’s stock after selling 9,190 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Insperity were worth $1,751,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Securities Inc. acquired a new stake in shares of Insperity during the 4th quarter worth about $32,000. Janney Montgomery Scott LLC grew its stake in Insperity by 5.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,052 shares of the business services provider’s stock worth $475,000 after buying an additional 227 shares during the last quarter. Norges Bank acquired a new stake in shares of Insperity during the fourth quarter worth approximately $42,085,000. Quest Partners LLC bought a new position in shares of Insperity in the fourth quarter valued at approximately $92,000. Finally, Olympiad Research LP acquired a new position in shares of Insperity in the 4th quarter worth approximately $427,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of Insperity stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $92.23, for a total value of $1,487,024.29. Following the completion of the sale, the chief executive officer now directly owns 509,129 shares in the company, valued at $46,956,967.67. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday.

Insperity Stock Down 4.5 %

Shares of NYSE NSP opened at $86.88 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.60. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. Insperity, Inc. has a 12-month low of $84.78 and a 12-month high of $119.40. The firm’s 50-day simple moving average is $93.46 and its 200 day simple moving average is $97.75.

Insperity (NYSE:NSP) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.72 by $0.14. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Insperity had a net margin of 2.46% and a return on equity of 138.16%. Insperity’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, research analysts expect that Insperity, Inc. will post 2.43 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.76%. Insperity’s payout ratio is currently 58.68%.

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.