Balyasny Asset Management L.P. Acquires Shares of 10,113 Insperity, Inc. (NYSE:NSP)

Balyasny Asset Management L.P. purchased a new position in Insperity, Inc. (NYSE:NSP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,113 shares of the business services provider's stock, valued at approximately $784,000.

Several other institutional investors also recently modified their holdings of NSP. Jones Financial Companies Lllp increased its stake in Insperity by 493.2% during the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. UMB Bank n.a. increased its stake in Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock valued at $66,000 after purchasing an additional 267 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Insperity during the 4th quarter valued at about $87,000. Covestor Ltd increased its stake in Insperity by 12.6% during the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock valued at $101,000 after purchasing an additional 146 shares in the last quarter. Finally, KBC Group NV increased its stake in Insperity by 87.5% during the 4th quarter. KBC Group NV now owns 1,939 shares of the business services provider's stock valued at $150,000 after purchasing an additional 905 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insperity Price Performance

Shares of NYSE NSP remained flat at $71.40 during trading on Tuesday. 34,035 shares of the stock were exchanged, compared to its average volume of 360,493. The firm's 50-day moving average price is $79.47 and its 200 day moving average price is $79.84. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $2.69 billion, a PE ratio of 29.64 and a beta of 0.55. Insperity, Inc. has a 12-month low of $61.54 and a 12-month high of $105.01.

Insperity (NYSE:NSP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.44). The business had revenue of $310.00 million during the quarter, compared to analysts' expectations of $1.87 billion. Insperity had a return on equity of 72.22% and a net margin of 1.38%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.27 EPS. As a group, research analysts predict that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Thursday, March 13th. Insperity's dividend payout ratio (DPR) is presently 142.86%.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 458,589 shares in the company, valued at approximately $29,927,518.14. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Truist Financial reduced their price objective 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 downgraded shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

Insperity 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.