Insperity (NYSE:NSP) Downgraded by William Blair

William Blair lowered shares of Insperity (NYSE:NSP) from an outperform rating to a market perform rating in a report issued on Tuesday, Marketbeat.com reports.

Insperity Stock Performance

Insperity stock opened at $86.59 on Tuesday. 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 capitalization of $3.26 billion, a PE ratio of 21.17, a P/E/G ratio of 2.50 and a beta of 1.12. The firm has a fifty day simple moving average of $93.17 and a two-hundred day simple moving average of $97.68. Insperity has a twelve month low of $84.78 and a twelve month high of $119.40.

Insperity (NYSE:NSP) last issued its quarterly earnings data 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 firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. Research analysts expect that Insperity will post 2.43 EPS for the current year.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Thursday, September 5th. Insperity’s dividend payout ratio (DPR) is 58.68%.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the business’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 transaction, the chief executive officer now owns 509,129 shares in the company, valued at $46,956,967.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Insperity

Several hedge funds and other institutional investors have recently modified their holdings of NSP. Principal Securities Inc. purchased a new position in shares of Insperity during the fourth quarter valued at about $32,000. Janney Montgomery Scott LLC increased its position in shares of Insperity by 5.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,052 shares of the business services provider’s stock valued at $475,000 after buying an additional 227 shares during the period. Norges Bank purchased a new position in shares of Insperity during the fourth quarter valued at about $42,085,000. Quest Partners LLC purchased a new position in shares of Insperity during the fourth quarter valued at about $92,000. Finally, Olympiad Research LP purchased a new position in shares of Insperity during the fourth quarter valued at about $427,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.