ProShare Advisors LLC Boosts Stake in Insperity, Inc. $NSP

ProShare Advisors LLC increased its holdings in shares of Insperity, Inc. (NYSE:NSP) by 22.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 107,643 shares of the business services provider’s stock after acquiring an additional 20,015 shares during the period. ProShare Advisors LLC owned approximately 0.29% of Insperity worth $6,471,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NSP. Reinhart Partners LLC. lifted its holdings in Insperity by 20.4% during the second quarter. Reinhart Partners LLC. now owns 1,786,953 shares of the business services provider’s stock valued at $107,432,000 after purchasing an additional 302,893 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Insperity by 5.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,410,944 shares of the business services provider’s stock valued at $125,899,000 after purchasing an additional 78,888 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Insperity by 3.3% during the 1st quarter. Earnest Partners LLC now owns 1,370,771 shares of the business services provider’s stock worth $122,314,000 after acquiring an additional 44,004 shares during the period. Sei Investments Co. boosted its holdings in Insperity by 0.3% in the 1st quarter. Sei Investments Co. now owns 787,553 shares of the business services provider’s stock valued at $70,273,000 after purchasing an additional 2,419 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Insperity by 40.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 703,011 shares of the business services provider’s stock valued at $62,730,000 after acquiring an additional 200,685 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Activity at Insperity

In other Insperity news, Director Randall Mehl acquired 1,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $33.88 per share, with a total value of $33,880.00. Following the purchase, the director directly owned 25,707 shares in the company, valued at approximately $870,953.16. This trade represents a 4.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Paul J. Sarvadi sold 10,850 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $51.98, for a total value of $563,983.00. Following the transaction, the chief executive officer directly owned 428,001 shares of the company’s stock, valued at $22,247,491.98. The trade was a 2.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.50% of the stock is owned by corporate insiders.

Insperity Stock Performance

NYSE NSP opened at $33.19 on Friday. The business’s 50 day moving average is $46.43 and its two-hundred day moving average is $55.48. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 31.31 and a beta of 0.52. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.29. Insperity, Inc. has a 12-month low of $32.62 and a 12-month high of $95.98.

Insperity (NYSE:NSP) last issued its earnings results on Tuesday, November 4th. The business services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.42). Insperity had a return on equity of 35.32% and a net margin of 0.60%.The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Insperity’s revenue for the quarter was up 4.0% on a year-over-year basis. Research analysts expect that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $0.60 dividend. The ex-dividend date was Thursday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 7.2%. Insperity’s payout ratio is currently 521.74%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Truist Financial lowered their target price on shares of Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Zacks Research cut Insperity from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Insperity in a research note on Wednesday, October 8th. Roth Capital reiterated a “buy” rating and issued a $71.00 price target on shares of Insperity in a research note on Tuesday, November 4th. Finally, Wall Street Zen cut Insperity from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. 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. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus 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.