Avantax Advisory Services Inc. Raises Stock Position in Insperity, Inc. (NYSE:NSP)

Key Points

• Avantax Advisory Services Inc. has increased its holdings in Insperity, Inc. by 59.5% during the 1st quarter, now owning 17,833 shares valued at approximately $1.59 million.
• Insperity's recent earnings report showed an EPS of $1.57, missing the consensus estimate of $2.01, even though revenue was up 3.4% from the previous year.
• The company has declared a quarterly dividend of $0.60 per share, representing an annualized dividend yield of 4.0%, with a payout ratio of 142.86%.

Avantax Advisory Services Inc. raised its position in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 59.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,833 shares of the business services provider's stock after buying an additional 6,654 shares during the period. Avantax Advisory Services Inc.'s holdings in Insperity were worth $1,591,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Royce & Associates LP purchased a new position in Insperity during the 1st quarter valued at about $2,364,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Insperity in the first quarter valued at approximately $268,000. Allianz Asset Management GmbH acquired a new position in shares of Insperity in the first quarter valued at approximately $213,000. Edgestream Partners L.P. increased its stake in Insperity by 56.6% during the 1st quarter. Edgestream Partners L.P. now owns 23,383 shares of the business services provider's stock worth $2,086,000 after buying an additional 8,449 shares during the period. Finally, CWM LLC lifted its holdings in Insperity by 1,095.0% during the 1st quarter. CWM LLC now owns 1,446 shares of the business services provider's stock worth $129,000 after buying an additional 1,325 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Insperity Stock Down 24.3%

NYSE:NSP traded down $14.50 during mid-day trading on Friday, hitting $45.08. The stock had a trading volume of 2,277,431 shares, compared to its average volume of 386,845. Insperity, Inc. has a twelve month low of $45.07 and a twelve month high of $96.45. The stock has a 50-day simple moving average of $60.93 and a two-hundred day simple moving average of $73.68. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.66. The company has a market capitalization of $1.70 billion, a PE ratio of 26.83 and a beta of 0.47.

Insperity (NYSE:NSP - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The business services provider reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.15). Insperity had a net margin of 0.95% and a return on equity of 52.17%. The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the prior year, the company posted $0.86 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a $0.60 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a yield of 5.3%. Insperity's dividend payout ratio (DPR) is currently 142.86%.

Insiders Place Their Bets

In other 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 completion of the transaction, the chief executive officer directly owned 458,589 shares of the company's stock, valued at approximately $29,927,518.14. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on NSP shares. Wall Street Zen downgraded shares of Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial lowered their target price on Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th.

About Insperity

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.