John L. Lumelleau Acquires 5,500 Shares of Insperity, Inc. (NYSE:NSP) Stock

Key Points

• Insperity's Director John L. Lumelleau purchased 5,500 shares of the company at an average price of $45.36, amounting to a total investment of $249,480.
• Insperity reported earnings per share of $0.26, missing the consensus estimate of $0.41, while revenue for the quarter matched expectations at $1.66 billion.
• The company recently declared a quarterly dividend of $0.60 per share, resulting in an annualized dividend of $2.40 and a yield of 4.7%.

Insperity, Inc. (NYSE:NSP - Get Free Report) Director John L. Lumelleau acquired 5,500 shares of the firm's stock in a transaction on Monday, August 4th. The stock was purchased at an average price of $45.36 per share, for a total transaction of $249,480.00. Following the completion of the transaction, the director directly owned 5,500 shares in the company, valued at approximately $249,480. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Insperity Stock Up 2.4%

Shares of NSP stock traded up $1.24 during trading on Friday, reaching $53.48. The company's stock had a trading volume of 789,869 shares, compared to its average volume of 694,967. Insperity, Inc. has a one year low of $44.14 and a one year high of $95.98. The business has a fifty day moving average price of $59.14 and a 200-day moving average price of $72.53. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 50.45 and a beta of 0.47. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 3.29.

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

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued 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 was Friday, June 6th. Insperity's payout ratio is presently 226.42%.

Analyst Ratings Changes

Several research analysts have recently issued reports on NSP shares. Truist Financial reduced their price target on Insperity from $70.00 to $50.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. Roth Capital decreased their price objective on shares of Insperity from $85.00 to $74.00 and set a "buy" rating for the company in a report on Monday, August 4th. Wall Street Zen lowered shares of Insperity from a "hold" rating to a "sell" rating in a report on Saturday. Finally, JPMorgan Chase & Co. cut their price objective on Insperity from $68.00 to $51.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $58.33.

Institutional Trading of Insperity

Several institutional investors and hedge funds have recently added to or reduced their stakes in NSP. T. Rowe Price Investment Management Inc. bought a new position in Insperity in the 4th quarter valued at about $39,231,000. First Trust Advisors LP increased its stake in shares of Insperity by 54.2% during 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. Reinhart Partners LLC. lifted its holdings in Insperity by 26.6% during the 1st quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider's stock worth $132,423,000 after purchasing an additional 312,217 shares during the last quarter. Millennium Management LLC boosted its stake in Insperity by 533.8% in the 1st quarter. Millennium Management LLC now owns 323,875 shares of the business services provider's stock valued at $28,899,000 after purchasing an additional 272,778 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Insperity in the 4th quarter valued at $17,521,000. 93.44% of the stock is owned by institutional investors.

About Insperity

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.