D. E. Shaw & Co. Inc. Acquires 5,951 Shares of Insperity, Inc. (NYSE:NSP)

D. E. Shaw & Co. Inc. boosted its holdings in Insperity, Inc. (NYSE:NSPFree Report) by 7.9% in the fourth quarter, Holdings Channel reports. The firm owned 81,398 shares of the business services provider’s stock after purchasing an additional 5,951 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Insperity were worth $6,309,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. River Road Asset Management LLC bought a new position in shares of Insperity in the 4th quarter valued at about $47,513,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Insperity during the 4th quarter worth about $39,231,000. Norges Bank acquired a new stake in shares of Insperity during the 4th quarter worth about $31,587,000. First Trust Advisors LP lifted its stake in shares of Insperity by 54.2% during the 4th quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider’s stock worth $83,299,000 after buying an additional 377,603 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Insperity by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider’s stock worth $310,686,000 after buying an additional 167,560 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

NSP has been the subject of a number of research reports. Truist Financial cut their target price on shares of Insperity from $82.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. StockNews.com cut shares of Insperity from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, Insperity has an average rating of “Hold” and an average price target of $89.67.

Read Our Latest Research Report on Insperity

Insperity Price Performance

Shares of Insperity stock opened at $71.70 on Friday. Insperity, Inc. has a twelve month low of $61.54 and a twelve month high of $106.01. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The company has a 50-day simple moving average of $79.79 and a two-hundred day simple moving average of $79.87. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 29.75 and a beta of 0.55.

Insperity (NYSE:NSPGet Free Report) last issued its quarterly earnings data 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 return on equity of 72.22% and a net margin of 1.38%. The business had revenue of $310.00 million during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm earned $2.27 EPS. Insperity’s revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts forecast that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity’s payout ratio is presently 142.86%.

Insider Activity

In other 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 transaction, the chief executive officer now directly owns 458,589 shares in the company, valued at approximately $29,927,518.14. The trade was a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.29% of the company’s stock.

About Insperity

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NSP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insperity, Inc. (NYSE:NSPFree Report).

Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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