PDT Partners LLC purchased a new stake in shares of Insperity, Inc. (NYSE:NSP – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 189,366 shares of the business services provider’s stock, valued at approximately $7,823,000. PDT Partners LLC owned about 0.50% of Insperity as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Solas Capital Management LLC bought a new stake in shares of Insperity in the 2nd quarter worth $11,643,000. Lakewood Capital Management LP bought a new stake in Insperity in the 2nd quarter worth about $6,816,000. Legal & General Group Plc purchased a new position in Insperity in the 2nd quarter worth about $3,436,000. The Manufacturers Life Insurance Company bought a new position in Insperity during the 2nd quarter valued at about $613,000. Finally, Sanctuary Advisors LLC bought a new position in Insperity during the 2nd quarter valued at about $1,073,000. Institutional investors own 93.44% of the company’s stock.
Insperity Price Performance
Shares of NYSE:NSP opened at $52.37 on Wednesday. The firm’s 50 day moving average price is $47.50 and its 200-day moving average price is $35.51. Insperity, Inc. has a twelve month low of $18.57 and a twelve month high of $57.22. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 6.87. The stock has a market capitalization of $2.00 billion, a PE ratio of -121.79 and a beta of 0.52.
Insperity Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.6%. Insperity’s payout ratio is presently -558.14%.
Insider Activity
In related news, CEO Paul J. Sarvadi acquired 233,000 shares of Insperity stock in a transaction dated Wednesday, June 3rd. The stock was purchased at an average cost of $34.05 per share, for a total transaction of $7,933,650.00. Following the purchase, the chief executive officer directly owned 1,105,912 shares of the company’s stock, valued at approximately $37,656,303.60. This trade represents a 26.69% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 5.77% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
NSP has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Insperity from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Zacks Research upgraded shares of Insperity from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Robert W. Baird set a $56.00 target price on shares of Insperity in a research report on Friday, July 31st. Wall Street Zen raised shares of Insperity from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Truist Financial set a $52.00 target price on shares of Insperity and gave the company a “hold” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $53.33.
Check Out Our Latest Stock Report on NSP
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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