SG Americas Securities LLC Acquires 12,062 Shares of Insperity, Inc. $NSP

SG Americas Securities LLC increased its stake in Insperity, Inc. (NYSE:NSP) by 632.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,970 shares of the business services provider’s stock after acquiring an additional 12,062 shares during the period. SG Americas Securities LLC’s holdings in Insperity were worth $687,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Insperity by 49.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 548 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 181 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Insperity by 32.2% in the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock worth $67,000 after buying an additional 182 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in Insperity by 5.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,106 shares of the business services provider’s stock worth $487,000 after buying an additional 451 shares during the period. Blue Trust Inc. increased its position in Insperity by 10.4% during the third quarter. Blue Trust Inc. now owns 5,042 shares of the business services provider’s stock valued at $248,000 after acquiring an additional 473 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in Insperity by 1.5% during the second quarter. Retirement Systems of Alabama now owns 43,690 shares of the business services provider’s stock valued at $2,627,000 after acquiring an additional 642 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on NSP shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Insperity in a research note on Monday, December 29th. Wall Street Zen lowered Insperity from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Roth Mkm set a $62.00 target price on Insperity in a research note on Monday, January 5th. The Goldman Sachs Group set a $62.00 price target on Insperity in a research note on Monday, January 5th. Finally, Zacks Research upgraded Insperity from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Insperity presently has a consensus rating of “Reduce” and an average price target of $48.25.

Insider Activity at Insperity

In other news, Director Randall Mehl purchased 1,000 shares of the stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $33.88 per share, for a total transaction of $33,880.00. Following the acquisition, the director owned 25,707 shares of the company’s stock, valued at approximately $870,953.16. This represents a 4.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.29% of the company’s stock.

Insperity Stock Performance

Shares of NSP stock opened at $47.01 on Thursday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 102.20 and a beta of 0.47. Insperity, Inc. has a 52-week low of $31.00 and a 52-week high of $95.98. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 4.24. The company’s 50 day moving average is $38.56 and its 200 day moving average is $46.61.

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

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were issued a $0.60 dividend. The ex-dividend date was Tuesday, December 9th. This represents a $2.40 dividend on an annualized basis and a yield of 5.1%. Insperity’s payout ratio is currently 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.