Fulton Bank N.A. Sells 264 Shares of Insperity, Inc. (NYSE:NSP)

Fulton Bank N.A. cut its position in Insperity, Inc. (NYSE:NSP) by 4.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,236 shares of the business services provider’s stock after selling 264 shares during the period. Fulton Bank N.A.’s holdings in Insperity were worth $478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of Insperity in the fourth quarter worth approximately $32,000. GAMMA Investing LLC purchased a new stake in Insperity during the 4th quarter valued at $34,000. C M Bidwell & Associates Ltd. bought a new position in shares of Insperity during the 4th quarter valued at $34,000. SRS Capital Advisors Inc. grew its holdings in shares of Insperity by 387.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 375 shares of the business services provider’s stock worth $44,000 after acquiring an additional 298 shares during the period. Finally, Hexagon Capital Partners LLC grew its holdings in shares of Insperity by 1,600.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 391 shares of the business services provider’s stock worth $46,000 after acquiring an additional 368 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insider Activity at Insperity

In related news, Director John M. Morphy sold 3,300 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $102.42, for a total value of $337,986.00. Following the sale, the director now directly owns 7,633 shares in the company, valued at $781,771.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director John M. Morphy sold 3,300 shares of the business’s stock in a transaction 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 sale, the director now owns 7,633 shares in the company, valued at $781,771.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Paul J. Sarvadi sold 12,183 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $95.41, for a total transaction of $1,162,380.03. Following the transaction, the chief executive officer now owns 525,252 shares of the company’s stock, valued at approximately $50,114,293.32. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by corporate insiders.

Insperity Price Performance

Shares of NYSE NSP traded down $0.93 during midday trading on Wednesday, reaching $92.41. The stock had a trading volume of 50,509 shares, compared to its average volume of 281,109. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.67 and a beta of 1.13. Insperity, Inc. has a 12-month low of $85.04 and a 12-month high of $119.40. The stock has a 50-day moving average of $94.85 and a 200-day moving average of $100.92. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.15 and a current ratio of 1.17.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. Insperity had a return on equity of 138.16% and a net margin of 2.46%. Insperity’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. As a group, research analysts anticipate that Insperity, Inc. will post 2.43 EPS for the current fiscal year.

Insperity Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.60%. This is a boost from Insperity’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, June 7th. Insperity’s dividend payout ratio (DPR) is presently 58.68%.

Wall Street Analyst Weigh In

NSP has been the topic of several research reports. StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Robert W. Baird boosted their target price on shares of Insperity from $105.00 to $109.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Finally, William Blair reiterated an “outperform” rating on shares of Insperity in a research report on Friday, May 17th.

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.