Canada Pension Plan Investment Board Has $1.23 Million Holdings in Insperity, Inc. (NYSE:NSP)

Canada Pension Plan Investment Board increased its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 3,060.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,800 shares of the business services provider's stock after acquiring an additional 15,300 shares during the period. Canada Pension Plan Investment Board's holdings in Insperity were worth $1,225,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in shares of Insperity by 493.2% in the 4th 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 during the period. Wilmington Savings Fund Society FSB acquired a new stake in Insperity in the 3rd quarter valued at approximately $32,000. UMB Bank n.a. lifted its stake in Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock valued at $66,000 after acquiring an additional 267 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Insperity during the 4th quarter worth approximately $87,000. Finally, Covestor Ltd grew its stake in shares of Insperity by 12.6% during 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. 93.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com cut shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday. Truist Financial reduced their price objective on shares of Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, Insperity has an average rating of "Hold" and a consensus price target of $89.67.

Insperity Stock Performance

NYSE NSP traded down $2.17 on Wednesday, hitting $65.06. 1,199,744 shares of the stock were exchanged, compared to its average volume of 343,997. The company has a market capitalization of $2.45 billion, a PE ratio of 27.00 and a beta of 0.67. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. The business's fifty day moving average is $84.66 and its 200 day moving average is $81.37. Insperity, Inc. has a 52 week low of $61.54 and a 52 week high of $106.69.

Insperity (NYSE:NSP - Get Free Report) last issued 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 firm had revenue of $310.00 million during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity's payout ratio is presently 99.59%.

Insider Activity at Insperity

In other news, CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total value of $2,108,000.00. Following the transaction, the chief executive officer now directly owns 436,584 shares of the company's stock, valued at $36,812,762.88. This represents a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ellen H. Masterson bought 1,755 shares of Insperity stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average cost of $85.75 per share, with a total value of $150,491.25. Following the acquisition, the director now directly owns 16,612 shares in the company, valued at $1,424,479. This trade represents a 11.81 % increase in their position. The disclosure for this purchase can be found here. 5.50% of the stock is 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.