Brevan Howard Capital Management LP Makes New $490,000 Investment in Insperity, Inc. (NYSE:NSP)

Brevan Howard Capital Management LP purchased a new position in shares of Insperity, Inc. (NYSE:NSP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,326 shares of the business services provider's stock, valued at approximately $490,000.

A number of other large investors have also recently added to or reduced their stakes in NSP. Covestor Ltd boosted its holdings in Insperity by 12.6% in the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock worth $101,000 after acquiring an additional 146 shares in the last quarter. LPL Financial LLC raised its holdings in Insperity by 3.5% in the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider's stock worth $483,000 after buying an additional 208 shares during the last quarter. Assetmark Inc. increased its position in shares of Insperity by 11.6% during the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider's stock valued at $158,000 after acquiring an additional 211 shares in the last quarter. Xponance Inc. raised its holdings in Insperity by 4.5% in the 4th quarter. Xponance Inc. now owns 5,080 shares of the business services provider's stock worth $394,000 after acquiring an additional 220 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock valued at $66,000 after acquiring an additional 267 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NSP shares. StockNews.com cut Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial lowered their target price on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, Insperity currently has a consensus rating of "Hold" and an average price target of $89.67.

Insperity Stock Performance

NSP stock traded up $3.14 during trading on Monday, reaching $69.06. The stock had a trading volume of 600,049 shares, compared to its average volume of 354,217. The firm has a market cap of $2.60 billion, a PE ratio of 28.66 and a beta of 0.55. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. The stock's 50 day moving average is $81.37 and its two-hundred day moving average is $80.15. Insperity, Inc. has a 52 week low of $61.54 and a 52 week high of $106.69.

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 the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $2.27 EPS. Insperity's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity's payout ratio is 142.86%.

Insider Buying and Selling at Insperity

In related news, CEO Paul J. Sarvadi sold 25,000 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the transaction, the chief executive officer now owns 436,584 shares of the company's stock, valued at approximately $36,812,762.88. This represents a 5.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Arthur A. Arizpe sold 6,000 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total value of $508,080.00. Following the sale, the chief operating officer now directly owns 72,551 shares in the company, valued at approximately $6,143,618.68. This represents a 7.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,203 shares of company stock valued at $3,542,968 over the last 90 days. 5.29% of the stock is currently owned by corporate insiders.

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.