Northern Trust Corp Has $40.28 Million Stock Holdings in Insperity, Inc. (NYSE:NSP)

Northern Trust Corp raised its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 519,610 shares of the business services provider's stock after buying an additional 64,536 shares during the quarter. Northern Trust Corp owned about 1.40% of Insperity worth $40,275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake in Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock worth $27,000 after purchasing an additional 291 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Insperity during the third quarter worth about $32,000. UMB Bank n.a. boosted its position in shares of Insperity by 45.9% during the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock worth $66,000 after buying an additional 267 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Insperity in the 4th quarter valued at approximately $87,000. Finally, Covestor Ltd raised its position in Insperity by 12.6% in the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock valued at $101,000 after buying an additional 146 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insiders Place Their Bets

In other news, COO Arthur A. Arizpe sold 6,000 shares of Insperity stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total transaction of $508,080.00. Following the completion of the sale, the chief operating officer now owns 72,551 shares of the company's stock, valued at approximately $6,143,618.68. This trade represents a 7.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen H. Masterson purchased 1,755 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the completion of the purchase, the director now directly owns 16,612 shares of the company's stock, valued at $1,424,479. This represents a 11.81 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 45,203 shares of company stock valued at $3,542,968 over the last ninety days. 5.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NSP. StockNews.com cut shares of Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial lowered their price target on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat.com, Insperity currently has an average rating of "Hold" and an average price target of $89.67.

Insperity Price Performance

NYSE:NSP opened at $65.96 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. The firm has a fifty day simple moving average of $81.71 and a 200 day simple moving average of $80.30. Insperity, Inc. has a 1-year low of $61.54 and a 1-year high of $106.69. The stock has a market capitalization of $2.48 billion, a PE ratio of 27.37 and a beta of 0.55.

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). The firm had revenue of $310.00 million during the quarter, compared to the consensus estimate of $1.87 billion. Insperity had a net margin of 1.38% and a return on equity of 72.22%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 earnings per share. On average, research analysts expect that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.64%. The ex-dividend date was Thursday, March 13th. Insperity's dividend payout ratio is 142.86%.

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.

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