Y Intercept Hong Kong Ltd Buys 51,328 Shares of Insperity, Inc. $NSP

Y Intercept Hong Kong Ltd lifted its stake in Insperity, Inc. (NYSE:NSP) by 524.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,123 shares of the business services provider’s stock after purchasing an additional 51,328 shares during the period. Y Intercept Hong Kong Ltd owned 0.16% of Insperity worth $3,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada boosted its position in Insperity by 205.4% during the 1st quarter. Royal Bank of Canada now owns 107,404 shares of the business services provider’s stock valued at $9,583,000 after acquiring an additional 72,241 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Insperity by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,384 shares of the business services provider’s stock valued at $1,908,000 after purchasing an additional 948 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Insperity in the first quarter worth $218,000. Goldman Sachs Group Inc. raised its holdings in Insperity by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 513,785 shares of the business services provider’s stock worth $45,845,000 after purchasing an additional 180,563 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in Insperity during the first quarter valued at $202,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Insperity

In other Insperity news, Director Randall Mehl acquired 1,000 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were purchased at an average cost of $33.88 per share, for a total transaction of $33,880.00. Following the completion of the purchase, the director owned 25,707 shares in the company, valued at approximately $870,953.16. This trade represents a 4.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NSP. Zacks Research upgraded shares of Insperity from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. The Goldman Sachs Group set a $62.00 price objective on shares of Insperity in a report on Monday, January 5th. Roth Mkm set a $62.00 target price on shares of Insperity in a report on Monday, January 5th. Truist Financial cut their price target on Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, November 4th. Finally, JPMorgan Chase & Co. lowered their price objective on Insperity from $51.00 to $34.00 and set an “underweight” rating for the company in a research note on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Insperity has a consensus rating of “Reduce” and a consensus price target of $48.25.

Insperity Trading Down 2.0%

Insperity stock opened at $45.78 on Tuesday. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $1.73 billion, a PE ratio of 99.52 and a beta of 0.47. The business’s fifty day moving average is $39.40 and its 200 day moving average is $46.21. Insperity, Inc. has a one year low of $31.00 and a one year high of $95.98.

Insperity (NYSE:NSP) last released its quarterly earnings data on Tuesday, November 4th. The business services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.42). Insperity had a return on equity of 12.53% and a net margin of 0.25%.The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, sell-side analysts predict that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $2.40 dividend on an annualized basis and a yield of 5.2%. Insperity’s dividend payout ratio (DPR) is 521.74%.

Insperity Company Profile

Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.

The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.