Insperity, Inc. (NYSE:NSP) Stake Raised by Millennium Management LLC

Millennium Management LLC raised its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 28.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,097 shares of the business services provider's stock after acquiring an additional 11,289 shares during the quarter. Millennium Management LLC owned approximately 0.14% of Insperity worth $3,961,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NSP. Jones Financial Companies Lllp lifted its position in shares of Insperity by 493.2% during the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock worth $27,000 after purchasing an additional 291 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Insperity during the 4th quarter worth approximately $87,000. Covestor Ltd lifted its holdings in Insperity by 12.6% during the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock worth $101,000 after buying an additional 146 shares during the last quarter. KBC Group NV grew its position in shares of Insperity by 87.5% in the 4th quarter. KBC Group NV now owns 1,939 shares of the business services provider's stock worth $150,000 after acquiring an additional 905 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Insperity by 11.6% in the 4th quarter. Assetmark Inc. now owns 2,032 shares of the business services provider's stock valued at $158,000 after acquiring an additional 211 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen cut Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial reduced their price target 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.

Insider Buying and Selling

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $65.26, for a total value of $926,887.78. Following the completion of the sale, the chief executive officer now owns 458,589 shares of the company's stock, valued at $29,927,518.14. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.29% of the company's stock.

Insperity Stock Performance

Shares of Insperity stock traded down $0.20 on Tuesday, reaching $63.80. 499,783 shares of the company were exchanged, compared to its average volume of 374,693. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 26.47 and a beta of 0.55. Insperity, Inc. has a 1-year low of $61.54 and a 1-year high of $104.90. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. The company's 50-day moving average is $74.40 and its two-hundred day moving average is $78.88.

Insperity (NYSE:NSP - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (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 quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 earnings per share. As a group, research analysts expect that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.40 annualized dividend and a dividend yield of 3.76%. Insperity's dividend payout ratio is presently 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.