XTX Topco Ltd Makes New Investment in Insperity, Inc. (NYSE:NSP)

XTX Topco Ltd bought a new position in shares of Insperity, Inc. (NYSE:NSP - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,576 shares of the business services provider's stock, valued at approximately $498,000.

A number of other institutional investors also recently bought and sold shares of NSP. LPL Financial LLC boosted its position in Insperity by 3.5% during the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider's stock worth $483,000 after purchasing an additional 208 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Insperity by 92.6% in the fourth quarter. JPMorgan Chase & Co. now owns 290,166 shares of the business services provider's stock valued at $22,491,000 after acquiring an additional 139,497 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Insperity by 6.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 201,432 shares of the business services provider's stock valued at $15,613,000 after acquiring an additional 12,728 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Insperity by 15.6% during the fourth quarter. Bank of Montreal Can now owns 3,928 shares of the business services provider's stock valued at $304,000 after acquiring an additional 529 shares during the last quarter. Finally, FIL Ltd boosted its stake in shares of Insperity by 2.3% during the fourth quarter. FIL Ltd now owns 517,610 shares of the business services provider's stock valued at $40,120,000 after acquiring an additional 11,510 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NSP has been the topic of a number of analyst reports. Wall Street Zen lowered Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial decreased their price objective on Insperity from $70.00 to $50.00 and set a "hold" rating on the stock in a research note on Monday. Roth Capital decreased their price objective on Insperity from $85.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on Insperity from $68.00 to $51.00 and set an "underweight" rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $58.33.

Insperity Stock Performance

NYSE NSP opened at $52.22 on Friday. The business's 50-day moving average price is $59.37 and its 200 day moving average price is $72.71. Insperity, Inc. has a twelve month low of $44.14 and a twelve month high of $95.98. The company has a market capitalization of $1.97 billion, a PE ratio of 49.27 and a beta of 0.47. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 3.29.

Insperity (NYSE:NSP - Get Free Report) last released its earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.15). Insperity had a return on equity of 35.32% and a net margin of 0.60%. The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter last year, the company posted $0.86 earnings per share. The business's quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, June 6th. Insperity's dividend payout ratio (DPR) is 226.42%.

Insider Buying and Selling

In other news, Director Eli Jones acquired 2,204 shares of the business's stock in a transaction dated Monday, August 4th. The shares were bought at an average cost of $45.41 per share, for a total transaction of $100,083.64. Following the acquisition, the director directly owned 12,847 shares in the company, valued at $583,382.27. This trade represents a 20.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Randall Mehl acquired 2,000 shares of the business's stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of $45.05 per share, for a total transaction of $90,100.00. Following the completion of the acquisition, the director owned 22,707 shares in the company, valued at approximately $1,022,950.35. This trade represents a 9.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 20,194 shares of company stock worth $925,981. Corporate insiders own 5.29% of the company's stock.

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.

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