Credit Suisse AG increased its stake in shares of Insperity, Inc. (NYSE:NSP – Free Report) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,203 shares of the business services provider’s stock after acquiring an additional 931 shares during the quarter. Credit Suisse AG owned approximately 0.08% of Insperity worth $3,914,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Insperity by 95.0% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 472 shares of the business services provider’s stock worth $54,000 after acquiring an additional 230 shares in the last quarter. Ronald Blue Trust Inc. grew its holdings in Insperity by 138.6% during the first quarter. Ronald Blue Trust Inc. now owns 594 shares of the business services provider’s stock worth $67,000 after buying an additional 345 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Insperity in the 1st quarter worth about $119,000. Point72 Hong Kong Ltd bought a new stake in Insperity in the 1st quarter worth about $124,000. Finally, Van ECK Associates Corp bought a new stake in Insperity in the 4th quarter worth about $186,000. 91.05% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on NSP shares. Truist Financial reduced their price objective on shares of Insperity from $128.00 to $110.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. StockNews.com started coverage on Insperity in a research note on Friday, August 18th. They issued a “hold” rating for the company. Robert W. Baird reduced their target price on shares of Insperity from $131.00 to $120.00 in a research report on Tuesday, May 30th. Finally, 51job reiterated a “reiterates” rating on shares of Insperity in a research note on Thursday, June 15th.
Insperity Stock Down 0.0 %
Shares of NYSE NSP opened at $101.33 on Friday. Insperity, Inc. has a 52 week low of $93.88 and a 52 week high of $131.09. The business has a 50-day simple moving average of $109.29 and a two-hundred day simple moving average of $115.94. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 2.83. The company has a market cap of $3.86 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.81 and a beta of 1.23.
Insperity (NYSE:NSP – Get Free Report) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.56). Insperity had a return on equity of 180.77% and a net margin of 2.92%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.54 billion. Research analysts anticipate that Insperity, Inc. will post 3.74 earnings per share for the current fiscal year.
Insperity Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.25%. The ex-dividend date is Thursday, September 7th. Insperity’s payout ratio is 48.00%.
Insider Buying and Selling at Insperity
In other Insperity news, CEO Paul J. Sarvadi sold 18,950 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $101.33, for a total value of $1,920,203.50. Following the completion of the transaction, the chief executive officer now owns 519,036 shares of the company’s stock, valued at approximately $52,593,917.88. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Insperity news, CEO Paul J. Sarvadi sold 18,950 shares of Insperity stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $101.33, for a total transaction of $1,920,203.50. Following the completion of the sale, the chief executive officer now owns 519,036 shares of the company’s stock, valued at $52,593,917.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John M. Morphy sold 1,500 shares of Insperity stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $98.24, for a total value of $147,360.00. Following the sale, the director now directly owns 9,115 shares of the company’s stock, valued at approximately $895,457.60. The disclosure for this sale can be found here. Insiders own 5.61% of the company’s stock.
Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. 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.
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