US Bancorp DE Raises Stock Position in Insperity, Inc. (NYSE:NSP)

US Bancorp DE boosted its holdings in Insperity, Inc. (NYSE:NSP) by 30.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,796 shares of the business services provider’s stock after purchasing an additional 646 shares during the quarter. US Bancorp DE’s holdings in Insperity were worth $250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Reinhart Partners LLC. raised its position in Insperity by 26.6% in the 1st quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider’s stock valued at $132,423,000 after purchasing an additional 312,217 shares during the last quarter. Earnest Partners LLC raised its position in Insperity by 3.7% in the 4th quarter. Earnest Partners LLC now owns 1,326,767 shares of the business services provider’s stock valued at $102,838,000 after purchasing an additional 47,730 shares during the last quarter. First Trust Advisors LP raised its position in Insperity by 54.2% in the 4th quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider’s stock valued at $83,299,000 after purchasing an additional 377,603 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Insperity by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 691,121 shares of the business services provider’s stock valued at $53,569,000 after purchasing an additional 7,265 shares during the last quarter. Finally, Northern Trust Corp raised its position in Insperity by 14.2% in the 4th quarter. Northern Trust Corp now owns 519,610 shares of the business services provider’s stock valued at $40,275,000 after purchasing an additional 64,536 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Stock Performance

Shares of NSP opened at $52.31 on Friday. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $1.97 billion, a P/E ratio of 49.35 and a beta of 0.47. The company’s fifty day moving average is $58.14 and its two-hundred day moving average is $71.76. Insperity, Inc. has a 1 year low of $44.14 and a 1 year high of $95.98.

Insperity (NYSE:NSP) last announced its quarterly earnings data on Friday, August 1st. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.15). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Insperity had a net margin of 0.60% and a return on equity of 35.32%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. On average, sell-side analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.6%. Insperity’s dividend payout ratio is 226.42%.

Insider Buying and Selling at Insperity

In related news, Director Eli Jones purchased 2,204 shares of the stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of $45.41 per share, with a total value of $100,083.64. Following the purchase, the director directly owned 12,847 shares in the company, valued at $583,382.27. This trade represents a 20.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carol R. Kaufman purchased 5,000 shares of the stock in a transaction dated Monday, August 4th. The shares were bought at an average cost of $45.24 per share, for a total transaction of $226,200.00. Following the completion of the purchase, the director owned 47,067 shares in the company, valued at approximately $2,129,311.08. This trade represents a 11.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 20,194 shares of company stock worth $925,981. Company insiders own 5.29% of the company’s stock.

Analysts Set New Price Targets

NSP has been the subject of several research reports. Wall Street Zen downgraded shares of Insperity from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Truist Financial reduced their price target on shares of Insperity from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, August 4th. Roth Capital dropped their price objective on shares of Insperity from $85.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Insperity from $68.00 to $51.00 and set an “underweight” rating on the stock in a research note on Monday, August 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $58.33.

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.