State of New Jersey Common Pension Fund D Buys 5,581 Shares of Insperity, Inc. $NSP

State of New Jersey Common Pension Fund D raised its position in shares of Insperity, Inc. (NYSE:NSP) by 24.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,199 shares of the business services provider’s stock after purchasing an additional 5,581 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of Insperity worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA grew its stake in shares of Insperity by 279.1% during the 1st quarter. Private Trust Co. NA now owns 326 shares of the business services provider’s stock worth $29,000 after acquiring an additional 240 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Insperity during the 1st quarter worth $33,000. DekaBank Deutsche Girozentrale bought a new position in Insperity during the first quarter worth about $42,000. First Horizon Advisors Inc. boosted its position in Insperity by 56.0% during the first quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider’s stock worth $63,000 after purchasing an additional 253 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Insperity by 32.2% during the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock worth $67,000 after purchasing an additional 182 shares during the period. 93.44% of the stock is owned by institutional investors.

Insider Activity at Insperity

In related news, Director Latha Ramchand acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was bought at an average cost of $50.64 per share, with a total value of $50,640.00. Following the acquisition, the director owned 15,120 shares of the company’s stock, valued at approximately $765,676.80. The trade was a 7.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul J. Sarvadi sold 10,850 shares of Insperity stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $51.98, for a total transaction of $563,983.00. Following the sale, the chief executive officer directly owned 428,001 shares of the company’s stock, valued at $22,247,491.98. This represents a 2.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.29% of the company’s stock.

Insperity Price Performance

NYSE:NSP opened at $44.27 on Monday. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 41.76 and a beta of 0.46. Insperity, Inc. has a 52-week low of $42.11 and a 52-week high of $95.98. The stock has a fifty day moving average of $49.91 and a 200 day moving average of $57.87. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.12 and a current ratio of 1.12.

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

Insperity Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, September 4th. This represents a $2.40 annualized dividend and a yield of 5.4%. Insperity’s payout ratio is presently 226.42%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Roth Capital cut their price objective on shares of Insperity from $85.00 to $74.00 and set a “buy” rating for the company in a report on Monday, August 4th. Zacks Research raised Insperity from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Insperity in a report on Wednesday, October 8th. Truist Financial cut their price target on Insperity from $70.00 to $50.00 and set a “hold” rating for the company in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. cut their target price on Insperity from $68.00 to $51.00 and set an “underweight” rating for the company in a research note on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $58.33.

Insperity Company Profile

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.