Empowered Funds LLC acquired a new position in shares of Insperity, Inc. (NYSE:NSP – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 153,871 shares of the business services provider’s stock, valued at approximately $6,356,000.
A number of other large investors also recently added to or reduced their stakes in NSP. Geneos Wealth Management Inc. lifted its holdings in Insperity by 32.2% in the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock valued at $67,000 after buying an additional 182 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Insperity by 75.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 964 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 416 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Insperity by 871.6% during the 4th quarter. Farther Finance Advisors LLC now owns 991 shares of the business services provider’s stock worth $38,000 after acquiring an additional 889 shares during the period. Allworth Financial LP grew its holdings in Insperity by 845.3% during the 4th quarter. Allworth Financial LP now owns 1,106 shares of the business services provider’s stock worth $43,000 after acquiring an additional 989 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Insperity by 48.1% during 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. 93.44% of the stock is currently owned by institutional investors and hedge funds.
Insperity Stock Down 0.2%
Shares of NYSE:NSP opened at $53.43 on Monday. The company has a 50 day moving average price of $48.45 and a two-hundred day moving average price of $35.80. The company has a debt-to-equity ratio of 6.87, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $2.04 billion, a PE ratio of -124.26 and a beta of 0.52. Insperity, Inc. has a 52 week low of $18.57 and a 52 week high of $57.22.
Insperity Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Wednesday, September 2nd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, September 2nd. Insperity’s dividend payout ratio is -558.14%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on NSP. Weiss Ratings raised Insperity from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Zacks Research raised Insperity from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Truist Financial set a $52.00 price objective on Insperity and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Roth Capital set a $61.00 price objective on Insperity in a report on Friday, July 31st. Finally, Wall Street Zen raised Insperity from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $53.33.
View Our Latest Analysis on Insperity
Insider Activity
In other Insperity news, CEO Paul J. Sarvadi purchased 233,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average price of $34.05 per share, with a total value of $7,933,650.00. Following the completion of the transaction, the chief executive officer directly owned 1,105,912 shares in the company, valued at $37,656,303.60. This trade represents a 26.69% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.77% of the stock is owned by company insiders.
Insperity Company Profile
Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.
The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.
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