Insperity, Inc. $NSP Stake Increased by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in shares of Insperity, Inc. (NYSE:NSP) by 3,831.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 206,802 shares of the business services provider’s stock after buying an additional 201,542 shares during the period. ProShare Advisors LLC’s holdings in Insperity were worth $9,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NSP. Pinnacle Wealth Planning Services Inc. increased its holdings in Insperity by 7.5% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,850 shares of the business services provider’s stock valued at $133,000 after buying an additional 200 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of Insperity by 4.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,844 shares of the business services provider’s stock worth $440,000 after acquiring an additional 385 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Insperity by 5.4% in the 2nd quarter. Hsbc Holdings PLC now owns 8,131 shares of the business services provider’s stock worth $336,000 after acquiring an additional 416 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Insperity by 48.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,299 shares of the business services provider’s stock worth $35,000 after acquiring an additional 422 shares during the period. Finally, Legacy Wealth Asset Management LLC increased its stake in Insperity by 2.8% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 16,822 shares of the business services provider’s stock valued at $695,000 after purchasing an additional 462 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Stock Performance

Shares of NSP opened at $50.08 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 9.52. The stock has a market cap of $1.91 billion, a P/E ratio of 212.72 and a beta of 0.48. The company has a 50-day moving average of $50.09 and a two-hundred day moving average of $39.72. Insperity, Inc. has a 12-month low of $18.57 and a 12-month high of $55.90.

Insperity (NYSE:NSP) last announced its quarterly earnings results on Thursday, October 29th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.64 billion. Insperity had a net margin of 0.04% and a return on equity of 18.27%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. As a group, research analysts predict that Insperity, Inc. will post 1.07 EPS for the current fiscal year.

Insperity Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Wednesday, September 2nd were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 4.8%. Insperity’s dividend payout ratio is presently 3,000.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NSP. Robert W. Baird set a $56.00 price objective on Insperity in a report on Friday, July 31st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Insperity in a research report on Tuesday, October 13th. Truist Financial set a $52.00 target price on Insperity and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Zacks Research raised Insperity from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Roth Capital set a $61.00 price target on Insperity in a research report on Friday, July 31st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $53.33.

About Insperity

Insperity, Inc provides human resources and business solutions designed primarily for small and midsize companies in the United States. The company operates as a professional employer organization (PEO), helping clients manage employment-related responsibilities while supporting their day-to-day operations.

Its services include payroll and tax administration, employee benefits, workers’ compensation, human resources guidance, regulatory compliance, recruiting and talent management, performance management, and employee training.