Ontario Teachers Pension Plan Board Makes New Investment in Insperity, Inc. (NYSE:NSP)

Key Points

• The Ontario Teachers Pension Plan Board acquired a new position in Insperity, Inc., purchasing 36,717 shares valued at approximately $3.3 million, representing a 0.10% stake in the company.
• Insiders at Insperity showed confidence in the company by purchasing 20,194 shares worth $925,981 in the last three months, with notable acquisitions made by directors on August 4th.
• Analysts have adjusted their price targets for Insperity, with JPMorgan drop from $68 to $51 and Truist reducing from $70 to $50, indicating mixed sentiments on the stock's performance.

Ontario Teachers Pension Plan Board purchased a new stake in Insperity, Inc. (NYSE:NSP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 36,717 shares of the business services provider's stock, valued at approximately $3,276,000. Ontario Teachers Pension Plan Board owned approximately 0.10% of Insperity as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Reinhart Partners LLC. raised its stake in Insperity by 26.6% in the first quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider's stock valued at $132,423,000 after purchasing an additional 312,217 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Insperity by 5.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,410,944 shares of the business services provider's stock valued at $125,899,000 after purchasing an additional 78,888 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Insperity by 3.7% in the fourth 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 during the last quarter. First Trust Advisors LP lifted its holdings in shares of Insperity by 54.2% in the fourth 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Insperity by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 691,121 shares of the business services provider's stock worth $53,569,000 after acquiring an additional 7,265 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Roth Capital dropped their target price on shares of Insperity from $85.00 to $74.00 and set a "buy" rating for the company in a report on Monday. Truist Financial dropped their target price on shares of Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a report on Monday. JPMorgan Chase & Co. dropped their target price on shares of Insperity from $68.00 to $51.00 and set an "underweight" rating for the company in a report on Monday. Finally, Wall Street Zen cut shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $58.33.

Insider Buying and Selling at Insperity

In other Insperity news, EVP James D. Allison purchased 4,000 shares of the business's stock in a transaction on Monday, August 4th. The shares were purchased at an average cost of $46.82 per share, for a total transaction of $187,280.00. Following the acquisition, the executive vice president owned 64,517 shares of the company's stock, valued at approximately $3,020,685.94. This represents a 6.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eli Jones purchased 2,204 shares of the business's stock in a transaction on Monday, August 4th. The shares were acquired at an average price of $45.41 per share, for a total transaction of $100,083.64. Following the completion of the acquisition, the director directly owned 12,847 shares in the company, valued at approximately $583,382.27. This represents a 20.71% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 20,194 shares of company stock worth $925,981. Company insiders own 5.29% of the company's stock.

Insperity Trading Up 2.4%

Shares of Insperity stock traded up $1.24 on Friday, hitting $53.48. The stock had a trading volume of 789,869 shares, compared to its average volume of 694,967. The stock has a 50 day moving average of $59.14 and a 200 day moving average of $72.53. Insperity, Inc. has a twelve month low of $44.14 and a twelve month high of $95.98. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.13 and a current ratio of 1.12. The firm has a market capitalization of $2.01 billion, a P/E ratio of 50.45 and a beta of 0.47.

Insperity (NYSE:NSP - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.15). Insperity had a net margin of 0.60% and a return on equity of 35.32%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the company earned $0.86 EPS. The business's quarterly revenue was up 3.3% compared to the same quarter last year. Sell-side analysts expect that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, June 6th. Insperity's dividend payout ratio is currently 226.42%.

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.