Jefferies Financial Group Inc. Invests $1.49 Million in Insperity, Inc. (NYSE:NSP)

Key Points

• Jefferies Financial Group Inc. acquired a new stake in Insperity, Inc., buying 16,743 shares valued at approximately $1.5 million.
• Insperity reported earnings per share of $0.26 for the last quarter, missing analysts' estimates, and had a quarterly revenue of $1.66 billion.
• The company announced a quarterly dividend of $0.60 per share, representing a 5.3% annualized yield, with a dividend payout ratio of 142.86%.

Jefferies Financial Group Inc. acquired a new position in Insperity, Inc. (NYSE:NSP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,743 shares of the business services provider's stock, valued at approximately $1,494,000.

Several other hedge funds have also recently made changes to their positions in the business. Reinhart Partners LLC. raised its position in shares of Insperity by 26.6% in the 1st quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider's stock worth $132,423,000 after acquiring an additional 312,217 shares in the last quarter. Earnest Partners LLC raised its position in shares of Insperity by 3.7% in the 4th quarter. Earnest Partners LLC now owns 1,326,767 shares of the business services provider's stock worth $102,838,000 after acquiring an additional 47,730 shares in the last quarter. First Trust Advisors LP raised its position in shares of Insperity by 54.2% in the 4th quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock worth $83,299,000 after acquiring an additional 377,603 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Insperity by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 691,121 shares of the business services provider's stock valued at $53,569,000 after buying an additional 7,265 shares in the last quarter. Finally, Northern Trust Corp increased its position in Insperity by 14.2% in the 4th quarter. Northern Trust Corp now owns 519,610 shares of the business services provider's stock valued at $40,275,000 after buying an additional 64,536 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Insperity Stock Up 4.5%

NSP stock traded up $2.18 during mid-day trading on Tuesday, reaching $50.45. 1,827,033 shares of the company traded hands, compared to its average volume of 562,184. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 47.59 and a beta of 0.47. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 3.29. Insperity, Inc. has a fifty-two week low of $44.14 and a fifty-two week high of $95.98. The firm's 50 day moving average price is $59.90 and its 200 day moving average price is $73.04.

Insperity (NYSE:NSP - Get Free Report) last announced its earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.15). Insperity had a return on equity of 35.32% and a net margin of 0.60%. The business had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. Insperity's quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts predict that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, June 6th. Insperity's payout ratio is presently 226.42%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NSP. JPMorgan Chase & Co. decreased their target price on Insperity from $68.00 to $51.00 and set an "underweight" rating for the company in a research report on Monday. Truist Financial decreased their target price on Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a research report on Monday. Roth Capital decreased their target price on Insperity from $85.00 to $74.00 and set a "buy" rating for the company in a research report on Monday. Finally, Wall Street Zen downgraded Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $58.33.

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.