Insperity, Inc. $NSP Stock: ProShare Advisors LLC Boosts Holdings

Key Points

• ProShare Advisors increased its Insperity stake by 3,831.6% in the third quarter, ending with 206,802 shares valued at about $9.6 million. Institutional investors collectively own 93.44% of the company’s shares.
• Analyst sentiment is cautious: Insperity has a consensus “Reduce” rating and an average price target of $53.33, with one Buy, two Hold, and two Sell ratings.
• Insperity reported quarterly EPS of $0.22, slightly above estimates, and revenue of $1.65 billion, up 1.7% year over year. It also declared a quarterly dividend of $0.60 per share, equivalent to a 4.8% annualized yield.

ProShare Advisors LLC grew its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 3,831.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,802 shares of the business services provider's stock after buying an additional 201,542 shares during the period. ProShare Advisors LLC owned 0.54% of Insperity worth $9,635,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Insperity during the 2nd quarter worth approximately $229,243,000. Reinhart Partners LLC. boosted its position in Insperity by 12.1% during the second quarter. Reinhart Partners LLC. now owns 3,304,074 shares of the business services provider's stock worth $136,492,000 after purchasing an additional 356,365 shares in the last quarter. Bank of America Corp DE acquired a new stake in Insperity in the 2nd quarter valued at $118,483,000. Hawk Ridge Capital Management LP purchased a new stake in shares of Insperity during the first quarter worth about $39,608,000. Finally, Sei Investments Co. increased its stake in Insperity by 47.7% during the 1st quarter. Sei Investments Co. now owns 1,311,430 shares of the business services provider's stock worth $35,461,000 after buying an additional 423,383 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insperity Price Performance

Shares of NSP opened at $50.08 on Wednesday. Insperity, Inc. has a twelve month low of $18.57 and a twelve month high of $55.90. The stock's 50 day moving average is $50.09 and its two-hundred day moving average is $39.72. The firm has a market capitalization of $1.91 billion, a PE ratio of 212.72 and a beta of 0.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 9.52.

Insperity (NYSE:NSP - Get Free Report) last released its earnings results on Thursday, October 29th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.64 billion. Insperity had a return on equity of 18.27% and a net margin of 0.04%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.20) EPS. Research analysts anticipate that Insperity, Inc. will post 1.07 earnings per share for the current year.

Insperity Announces Dividend

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

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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