Point72 Asset Management L.P. Invests $17.52 Million in Insperity, Inc. (NYSE:NSP)

Point72 Asset Management L.P. purchased a new position in shares of Insperity, Inc. (NYSE:NSP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 226,050 shares of the business services provider's stock, valued at approximately $17,521,000. Point72 Asset Management L.P. owned approximately 0.60% of Insperity as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. River Road Asset Management LLC bought a new position in Insperity in the 4th quarter worth $47,513,000. T. Rowe Price Investment Management Inc. bought a new stake in Insperity during the fourth quarter valued at about $39,231,000. Norges Bank acquired a new stake in shares of Insperity in the fourth quarter valued at about $31,587,000. First Trust Advisors LP increased its stake 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 purchasing an additional 377,603 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Insperity by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider's stock worth $310,686,000 after purchasing an additional 167,560 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on NSP shares. Wall Street Zen downgraded Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial cut their price target on Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a report on Wednesday, April 30th.

Insperity Stock Performance

NYSE NSP traded down $1.11 during midday trading on Friday, hitting $65.68. The company had a trading volume of 183,948 shares, compared to its average volume of 489,877. The firm has a fifty day simple moving average of $78.27 and a two-hundred day simple moving average of $79.62. Insperity, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $104.90. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 27.25 and a beta of 0.55.

Insperity (NYSE:NSP - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.44). Insperity had a net margin of 1.38% and a return on equity of 72.22%. The company had revenue of $310.00 million during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business posted $2.27 EPS. The firm's quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.65%. Insperity's payout ratio is presently 142.86%.

Insider Activity

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 sale, the chief executive officer now owns 458,589 shares of the company's stock, valued at $29,927,518.14. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.29% of the stock is currently owned by company insiders.

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.