Point72 Asset Management L.P. Buys New Holdings in Insperity, Inc. (NYSE:NSP)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSP. Jones Financial Companies Lllp lifted its holdings in shares of Insperity by 493.2% in the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. UMB Bank n.a. boosted its holdings in Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock worth $66,000 after acquiring an additional 267 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Insperity during the 4th quarter worth $87,000. Covestor Ltd grew its stake in shares of Insperity by 12.6% in the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock worth $101,000 after acquiring an additional 146 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Insperity by 87.5% in the fourth quarter. KBC Group NV now owns 1,939 shares of the business services provider's stock valued at $150,000 after purchasing an additional 905 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $65.26, for a total value of $926,887.78. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.29% of the company's stock.

Insperity Stock Performance

Shares of NSP stock traded down $3.94 on Wednesday, hitting $67.03. 687,547 shares of the stock were exchanged, compared to its average volume of 364,454. The firm's 50 day moving average is $79.14 and its two-hundred day moving average is $79.78. Insperity, Inc. has a one year low of $61.54 and a one year high of $104.90. The firm has a market capitalization of $2.52 billion, a PE ratio of 27.81 and a beta of 0.55. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80.

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

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.58%. The ex-dividend date was Thursday, March 13th. Insperity's payout ratio is 142.86%.

Analyst Ratings Changes

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

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.