Balyasny Asset Management L.P. Takes $784,000 Position in Insperity, Inc. (NYSE:NSP)

Balyasny Asset Management L.P. acquired a new stake in Insperity, Inc. (NYSE:NSP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,113 shares of the business services provider’s stock, valued at approximately $784,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mawer Investment Management Ltd. boosted its holdings in Insperity by 0.5% in the fourth quarter. Mawer Investment Management Ltd. now owns 5,217,635 shares of the business services provider’s stock valued at $404,419,000 after acquiring an additional 27,599 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Insperity by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider’s stock valued at $310,686,000 after acquiring an additional 167,560 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Insperity by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,332,056 shares of the business services provider’s stock valued at $103,248,000 after acquiring an additional 71,288 shares during the last quarter. Earnest Partners LLC boosted its holdings in Insperity by 3.7% in the fourth quarter. Earnest Partners LLC now owns 1,326,767 shares of the business services provider’s stock valued at $102,838,000 after acquiring an additional 47,730 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Insperity by 54.2% in the fourth quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider’s stock valued at $83,299,000 after acquiring an additional 377,603 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $65.26, for a total transaction of $926,887.78. Following the sale, the chief executive officer now directly owns 458,589 shares of the company’s stock, valued at $29,927,518.14. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.29% of the stock is owned by corporate insiders.

Insperity Stock Up 0.8%

NYSE:NSP opened at $69.85 on Thursday. The firm has a market capitalization of $2.63 billion, a PE ratio of 28.98 and a beta of 0.55. The stock has a 50 day moving average of $80.62 and a 200-day moving average of $80.01. Insperity, Inc. has a 52 week low of $61.54 and a 52 week high of $106.01. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.44). The business had revenue of $310.00 million for the quarter, compared to analyst estimates of $1.87 billion. Insperity had a return on equity of 72.22% and a net margin of 1.38%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Analysts predict that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.60 dividend. The ex-dividend date was Thursday, March 13th. This represents a $2.40 annualized dividend and a dividend yield of 3.44%. Insperity’s dividend payout ratio is currently 142.86%.

Wall Street Analyst Weigh In

A number of research analysts have commented on NSP shares. Truist Financial reduced their price objective on Insperity from $82.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $89.67.

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.