Sovereign s Capital Management LLC Invests $3.96 Million in Insperity, Inc. (NYSE:NSP)

Sovereign s Capital Management LLC bought a new position in Insperity, Inc. (NYSE:NSP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 51,080 shares of the business services provider's stock, valued at approximately $3,959,000. Insperity comprises about 2.5% of Sovereign s Capital Management LLC's investment portfolio, making the stock its 12th biggest holding. Sovereign s Capital Management LLC owned 0.14% of Insperity at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Two Sigma Investments LP bought a new stake in shares of Insperity in the 4th quarter worth about $446,000. Snowden Capital Advisors LLC grew its holdings in Insperity by 6.0% during the 4th quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider's stock worth $255,000 after acquiring an additional 186 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Insperity during the 4th quarter worth about $17,521,000. ProShare Advisors LLC grew its holdings in Insperity by 18.0% during the 4th quarter. ProShare Advisors LLC now owns 104,519 shares of the business services provider's stock worth $8,101,000 after acquiring an additional 15,946 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Insperity during the 4th quarter worth about $365,000. Institutional investors own 93.44% of the company's stock.

Insperity Stock Up 1.0%

Shares of NYSE:NSP opened at $71.70 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. Insperity, Inc. has a 12 month low of $61.54 and a 12 month high of $105.01. The firm has a market cap of $2.70 billion, a P/E ratio of 29.75 and a beta of 0.55. The company's 50-day moving average price is $79.79 and its two-hundred day moving average price is $79.86.

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 (EPS) 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 for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The business's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, research analysts forecast 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 Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a yield of 3.35%. Insperity's payout ratio is presently 142.86%.

Insider Buying and Selling at Insperity

In other Insperity 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 transaction of $926,887.78. Following the transaction, the chief executive officer now directly owns 458,589 shares in the company, valued at approximately $29,927,518.14. This represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. StockNews.com lowered shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Truist Financial decreased their price objective on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th.

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.

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