Allspring Global Investments Holdings LLC Buys 1,521 Shares of Insperity, Inc. (NYSE:NSP)

Allspring Global Investments Holdings LLC grew its stake in Insperity, Inc. (NYSE:NSP) by 28.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,799 shares of the business services provider’s stock after acquiring an additional 1,521 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Insperity were worth $797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in shares of Insperity by 189.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 29,252 shares of the business services provider’s stock valued at $3,429,000 after acquiring an additional 19,137 shares during the last quarter. Laurus Investment Counsel Inc. increased its stake in shares of Insperity by 349.9% in the 4th quarter. Laurus Investment Counsel Inc. now owns 44,095 shares of the business services provider’s stock valued at $5,169,000 after acquiring an additional 34,295 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in shares of Insperity by 75.1% in the 3rd quarter. Epoch Investment Partners Inc. now owns 168,652 shares of the business services provider’s stock valued at $16,460,000 after acquiring an additional 72,361 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of Insperity in the 3rd quarter valued at about $3,232,000. Finally, Quantbot Technologies LP bought a new stake in Insperity during the 3rd quarter worth approximately $624,000. 93.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on NSP. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. TheStreet cut Insperity from a “b” rating to a “c+” rating in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $115.00.

Insperity Price Performance

NYSE NSP opened at $109.52 on Thursday. The business has a 50 day simple moving average of $102.85 and a 200 day simple moving average of $107.76. Insperity, Inc. has a 52-week low of $90.80 and a 52-week high of $128.91. The company has a debt-to-equity ratio of 3.95, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 3.11 and a beta of 1.14.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.08. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Insperity had a net margin of 2.64% and a return on equity of 153.34%. Analysts anticipate that Insperity, Inc. will post 2.34 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th were paid a dividend of $0.57 per share. The ex-dividend date was Wednesday, March 6th. This represents a $2.28 annualized dividend and a dividend yield of 2.08%. Insperity’s dividend payout ratio is currently 51.12%.

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.