Edgestream Partners L.P. Buys 8,449 Shares of Insperity, Inc. (NYSE:NSP)

Edgestream Partners L.P. boosted its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 56.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,383 shares of the business services provider's stock after purchasing an additional 8,449 shares during the period. Edgestream Partners L.P. owned about 0.06% of Insperity worth $2,086,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Covestor Ltd lifted its stake in Insperity by 12.6% during the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock worth $101,000 after purchasing an additional 146 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its stake in Insperity by 4.6% during the first quarter. Beverly Hills Private Wealth LLC now owns 3,538 shares of the business services provider's stock worth $316,000 after purchasing an additional 155 shares during the last quarter. Snowden Capital Advisors LLC lifted its stake in Insperity by 6.0% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider's stock worth $255,000 after purchasing an additional 186 shares during the last quarter. LPL Financial LLC lifted its stake in Insperity by 3.5% during the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider's stock worth $483,000 after purchasing an additional 208 shares during the last quarter. Finally, Xponance Inc. lifted its stake in Insperity by 4.5% during the fourth quarter. Xponance Inc. now owns 5,080 shares of the business services provider's stock worth $394,000 after purchasing an additional 220 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NSP has been the subject of a number of research reports. Wall Street Zen cut Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial dropped their price target on Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th.

Insperity Price Performance

Shares of NSP traded down $1.04 during trading hours on Friday, reaching $56.59. The stock had a trading volume of 283,055 shares, compared to its average volume of 404,365. Insperity, Inc. has a 12 month low of $56.41 and a 12 month high of $104.90. The stock has a market capitalization of $2.13 billion, a PE ratio of 33.68 and a beta of 0.48. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.13 and a current ratio of 1.13. The company's 50-day moving average is $62.89 and its two-hundred day moving average is $74.86.

Insperity (NYSE:NSP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.44). Insperity had a net margin of 0.95% and a return on equity of 52.17%. The firm had revenue of $310.00 million during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The firm's revenue was up 3.4% on a year-over-year basis. Research analysts expect 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 Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.24%. The ex-dividend date was Friday, June 6th. Insperity's dividend payout ratio is currently 142.86%.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the firm's stock in a transaction on 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 $29,927,518.14. This trade represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.29% of the stock is currently owned by corporate insiders.

Insperity Company 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.