Hennessy Advisors Inc. Reduces Stake in Insperity Inc (NYSE:NSP)

Hennessy Advisors Inc. decreased its holdings in shares of Insperity Inc (NYSE:NSP) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,900 shares of the business services provider’s stock after selling 27,400 shares during the period. Insperity makes up 1.1% of Hennessy Advisors Inc.’s portfolio, making the stock its 22nd biggest holding. Hennessy Advisors Inc. owned 0.46% of Insperity worth $23,236,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NSP. Janus Henderson Group PLC boosted its position in Insperity by 92.2% during the 3rd quarter. Janus Henderson Group PLC now owns 6,865 shares of the business services provider’s stock worth $810,000 after acquiring an additional 3,293 shares during the last quarter. American International Group Inc. increased its holdings in Insperity by 2.2% in the third quarter. American International Group Inc. now owns 30,081 shares of the business services provider’s stock worth $3,548,000 after purchasing an additional 658 shares in the last quarter. Quantbot Technologies LP bought a new stake in Insperity in the third quarter worth approximately $204,000. Tower Research Capital LLC TRC increased its holdings in Insperity by 1,677.0% in the third quarter. Tower Research Capital LLC TRC now owns 1,777 shares of the business services provider’s stock worth $209,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its holdings in Insperity by 41.5% in the third quarter. Riverhead Capital Management LLC now owns 3,068 shares of the business services provider’s stock worth $362,000 after purchasing an additional 900 shares in the last quarter. Institutional investors own 82.83% of the company’s stock.

In related news, SVP Daniel D. Herink sold 2,354 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $130.13, for a total transaction of $306,326.02. Following the completion of the transaction, the senior vice president now owns 44,576 shares of the company’s stock, valued at approximately $5,800,674.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jay E. Mincks sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $124.90, for a total value of $999,200.00. Following the transaction, the executive vice president now directly owns 71,163 shares of the company’s stock, valued at approximately $8,888,258.70. The disclosure for this sale can be found here. Insiders sold a total of 133,974 shares of company stock valued at $16,911,882 in the last three months. Corporate insiders own 9.58% of the company’s stock.

Shares of NSP traded down $0.53 during mid-day trading on Monday, hitting $128.86. The stock had a trading volume of 201,800 shares, compared to its average volume of 340,524. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.12 and a quick ratio of 1.12. Insperity Inc has a 52 week low of $71.90 and a 52 week high of $132.50. The firm has a market cap of $5.30 billion, a PE ratio of 38.24, a PEG ratio of 1.77 and a beta of 1.09.

Insperity (NYSE:NSP) last released its quarterly earnings data on Monday, February 11th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. Insperity had a return on equity of 126.19% and a net margin of 3.52%. The company had revenue of $966.80 million for the quarter, compared to analyst estimates of $959.22 million. During the same period in the previous year, the company posted $0.55 EPS. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Sell-side analysts anticipate that Insperity Inc will post 4.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.30 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 0.93%. This is a positive change from Insperity’s previous quarterly dividend of $0.20. Insperity’s dividend payout ratio is currently 35.61%.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Insperity from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Roth Capital raised their price objective on Insperity from $134.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, February 19th. ValuEngine raised Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Finally, SunTrust Banks raised their price objective on Insperity to $129.00 and gave the company a “hold” rating in a research note on Tuesday, February 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Insperity presently has a consensus rating of “Buy” and a consensus target price of $123.80.

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Insperity Company Profile

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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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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