35,369 Shares of Insperity, Inc. $NSP Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments acquired 35,369 Insperity shares in the third quarter, worth about $1.65 million and representing 0.09% of the company. Institutional investors and hedge funds collectively own 93.44% of Insperity.
• Insperity reported quarterly EPS of $0.22, slightly above the $0.21 analyst consensus, while revenue of $1.65 billion also topped estimates and rose 1.7% year over year.
• Analyst sentiment was mixed, with a consensus “Reduce” rating and an average price target of $53.33. The company’s announced quarterly dividend equates to $2.40 annualized, a stated yield of 4.8%.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Insperity, Inc. (NYSE:NSP - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 35,369 shares of the business services provider's stock, valued at approximately $1,648,000. Mirae Asset Global Investments Co. Ltd. owned 0.09% of Insperity at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NSP. Sterling Capital Management LLC raised its holdings in Insperity by 845.4% in the 3rd quarter. Sterling Capital Management LLC now owns 1,229 shares of the business services provider's stock valued at $57,000 after buying an additional 1,099 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Insperity by 48.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 1,299 shares of the business services provider's stock worth $35,000 after acquiring an additional 422 shares during the last quarter. Fortitude Family Office LLC grew its holdings in Insperity by 1,466.7% during the 3rd quarter. Fortitude Family Office LLC now owns 1,645 shares of the business services provider's stock worth $77,000 after acquiring an additional 1,540 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Insperity by 293.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,078 shares of the business services provider's stock worth $56,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Insperity during the 2nd quarter worth approximately $88,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Insperity Stock Down 2.1%

Insperity stock opened at $49.75 on Friday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 621.99 and a beta of 0.48. Insperity, Inc. has a 52-week low of $18.57 and a 52-week high of $55.90. The company has a debt-to-equity ratio of 9.52, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a 50 day moving average price of $50.02 and a two-hundred day moving average price of $39.79.

Insperity (NYSE:NSP - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The business services provider reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. Insperity had a net margin of 0.04% and a return on equity of 18.27%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm posted ($0.20) EPS. The company's quarterly revenue was up 1.7% on a year-over-year basis. Equities analysts predict that Insperity, Inc. will post 1.28 EPS for the current year.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Wednesday, September 2nd were issued a $0.60 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $2.40 annualized dividend and a yield of 4.8%. Insperity's payout ratio is presently 3,000.00%.

Analyst Upgrades and Downgrades

NSP has been the subject of several analyst reports. Zacks Research raised shares of Insperity from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 29th. Roth Capital set a $61.00 price objective on shares of Insperity in a research note on Friday, July 31st. Robert W. Baird set a $56.00 price objective on shares of Insperity in a research note on Friday, July 31st. Truist Financial set a $52.00 price objective on Insperity and gave the company a "hold" rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Insperity in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $53.33.

Insperity Company Profile

Insperity, Inc provides human resources and business solutions designed primarily for small and midsize companies in the United States. The company operates as a professional employer organization (PEO), helping clients manage employment-related responsibilities while supporting their day-to-day operations.

Its services include payroll and tax administration, employee benefits, workers' compensation, human resources guidance, regulatory compliance, recruiting and talent management, performance management, and employee training.

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