Ensign Peak Advisors Inc decreased its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191,514 shares of the business services provider's stock after selling 67,857 shares during the quarter. Ensign Peak Advisors Inc owned about 0.51% of Insperity worth $14,844,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. D. E. Shaw & Co. Inc. increased its stake in Insperity by 7.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 81,398 shares of the business services provider's stock worth $6,309,000 after acquiring an additional 5,951 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of Insperity in the 4th quarter valued at $490,000. Balyasny Asset Management L.P. purchased a new stake in shares of Insperity in the 4th quarter valued at $784,000. BNP Paribas Financial Markets raised its holdings in shares of Insperity by 53.2% in the 4th quarter. BNP Paribas Financial Markets now owns 72,757 shares of the business services provider's stock valued at $5,639,000 after buying an additional 25,280 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of Insperity by 51.9% in the 4th quarter. Jane Street Group LLC now owns 54,752 shares of the business services provider's stock valued at $4,244,000 after buying an additional 18,702 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.
Insperity Trading Up 1.0%
Shares of NSP stock traded up $0.73 on Friday, hitting $71.70. The stock had a trading volume of 422,392 shares, compared to its average volume of 361,051. The company's 50 day moving average price is $79.79 and its 200-day moving average price is $79.86. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. Insperity, Inc. has a 1 year low of $61.54 and a 1 year high of $105.01. The firm has a market capitalization of $2.70 billion, a P/E ratio of 29.75 and a beta of 0.55.
Insperity (NYSE:NSP - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $310.00 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. Analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current year.
Insperity Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, March 13th. This represents a $2.40 annualized dividend and a yield of 3.35%. Insperity's dividend payout ratio (DPR) is 142.86%.
Insiders Place Their Bets
In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $65.26, for a total transaction of $926,887.78. Following the sale, the chief executive officer now owns 458,589 shares in the company, valued at $29,927,518.14. This represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.29% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Truist Financial cut their price objective on Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. StockNews.com downgraded Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $89.67.
View Our Latest Report on NSP
About Insperity
(
Free Report)
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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