D. E. Shaw & Co. Inc. boosted its holdings in Insperity, Inc. (NYSE:NSP – Free 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.
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:NSP – Get 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
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.
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