Insperity, Inc. $NSP Position Lifted by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in shares of Insperity, Inc. (NYSE:NSP) by 957.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,178 shares of the business services provider’s stock after acquiring an additional 49,962 shares during the period. Quantbot Technologies LP’s holdings in Insperity were worth $3,317,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Insperity during the first quarter worth about $33,000. Geneos Wealth Management Inc. raised its stake in Insperity by 32.2% during 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 in the last quarter. Winnow Wealth LLC acquired a new stake in Insperity during the second quarter valued at approximately $72,000. Elevation Point Wealth Partners LLC bought a new position in Insperity during the 2nd quarter worth approximately $103,000. Finally, Covestor Ltd grew its position in shares of Insperity by 31.1% in the 1st quarter. Covestor Ltd now owns 1,707 shares of the business services provider’s stock worth $152,000 after acquiring an additional 405 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity

In other Insperity news, CEO Paul J. Sarvadi sold 10,850 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $51.98, for a total transaction of $563,983.00. Following the completion of the sale, the chief executive officer directly owned 428,001 shares of the company’s stock, valued at approximately $22,247,491.98. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Randall Mehl bought 1,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $33.88 per share, with a total value of $33,880.00. Following the completion of the acquisition, the director owned 25,707 shares of the company’s stock, valued at approximately $870,953.16. This trade represents a 4.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 5.29% of the company’s stock.

Insperity Stock Performance

Shares of NSP opened at $35.91 on Friday. The firm has a fifty day moving average of $41.12 and a 200-day moving average of $51.93. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 78.06 and a beta of 0.47. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.12 and a current ratio of 1.12. Insperity, Inc. has a 1 year low of $31.00 and a 1 year high of $95.98.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.42). The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. Insperity had a net margin of 0.25% and a return on equity of 12.53%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, equities analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Tuesday, December 9th. Insperity’s payout ratio is currently 521.74%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Insperity in a research report on Monday. Wall Street Zen lowered shares of Insperity from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research downgraded shares of Insperity from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. decreased their price target on shares of Insperity from $51.00 to $34.00 and set an “underweight” rating for the company in a report on Tuesday, November 4th. Finally, Truist Financial lowered their price objective on shares of Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $46.67.

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.