GAMMA Investing LLC Has $123.73 Million Stock Holdings in Insperity, Inc. (NYSE:NSP)

GAMMA Investing LLC increased its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 55,588.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,663 shares of the business services provider's stock after buying an additional 138,414 shares during the period. GAMMA Investing LLC owned 0.37% of Insperity worth $123,730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. lifted its position in Insperity by 0.5% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,217,635 shares of the business services provider's stock valued at $404,419,000 after purchasing an additional 27,599 shares during the period. Vanguard Group Inc. lifted its position in Insperity by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider's stock valued at $310,686,000 after purchasing an additional 167,560 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Insperity by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,332,056 shares of the business services provider's stock valued at $103,248,000 after purchasing an additional 71,288 shares during the period. Earnest Partners LLC lifted its position in Insperity by 3.7% during the 4th quarter. Earnest Partners LLC now owns 1,326,767 shares of the business services provider's stock valued at $102,838,000 after purchasing an additional 47,730 shares during the period. Finally, First Trust Advisors LP lifted its position in Insperity by 54.2% during the 4th quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock valued at $83,299,000 after purchasing an additional 377,603 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NSP shares. Truist Financial cut their target price on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen cut Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th.

Insider Buying and Selling

In other news, CEO Paul J. Sarvadi sold 14,203 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were 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 now directly owns 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.29% of the stock is owned by company insiders.

Insperity Trading Down 0.4%

Shares of NSP stock traded down $0.27 on Thursday, reaching $63.51. The company had a trading volume of 401,538 shares, compared to its average volume of 377,046. 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 has a market cap of $2.39 billion, a PE ratio of 26.35 and a beta of 0.55. The company has a 50-day moving average of $73.91 and a 200-day moving average of $78.78. Insperity, Inc. has a 12 month low of $61.54 and a 12 month high of $104.90.

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). The company had revenue of $310.00 million during the quarter, compared to the consensus estimate of $1.87 billion. Insperity had a net margin of 1.38% and a return on equity of 72.22%. The business's revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $2.27 earnings per share. On average, equities analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a yield of 3.78%. Insperity's payout ratio is 142.86%.

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.