Insperity, Inc. (NYSE:NSP) Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in Insperity, Inc. (NYSE:NSP) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,586 shares of the business services provider’s stock after purchasing an additional 896 shares during the period. Rhumbline Advisers owned about 0.32% of Insperity worth $10,760,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NSP. Jones Financial Companies Lllp grew its position in Insperity by 493.2% in the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after buying an additional 291 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Insperity in the 4th quarter worth $87,000. Covestor Ltd grew its holdings in shares of Insperity by 12.6% in the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock worth $101,000 after acquiring an additional 146 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Insperity by 11.6% in the 4th quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock worth $158,000 after acquiring an additional 211 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Insperity by 36.7% in the 4th quarter. US Bancorp DE now owns 2,150 shares of the business services provider’s stock worth $167,000 after acquiring an additional 577 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NSP shares. Wall Street Zen cut Insperity from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Truist Financial dropped their target price on shares of Insperity from $82.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th.

Insider Buying and Selling at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $65.26, for a total value of $926,887.78. Following the completion of the sale, the chief executive officer now directly owns 458,589 shares of the company’s stock, valued at $29,927,518.14. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.29% of the company’s stock.

Insperity Stock Performance

Shares of NSP stock opened at $62.85 on Tuesday. Insperity, Inc. has a 1-year low of $61.54 and a 1-year high of $104.90. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 26.08 and a beta of 0.51. The stock’s fifty day simple moving average is $72.32 and its 200-day simple moving average is $78.62.

Insperity (NYSE:NSP) last released its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.44). Insperity had a net margin of 1.38% and a return on equity of 72.22%. The business had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $2.27 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a yield of 3.82%. Insperity’s dividend payout ratio (DPR) is currently 142.86%.

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.