American Century Companies Inc. Purchases 32,665 Shares of Insperity, Inc. $NSP

American Century Companies Inc. raised its position in shares of Insperity, Inc. (NYSE:NSP) by 136.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,559 shares of the business services provider’s stock after purchasing an additional 32,665 shares during the quarter. American Century Companies Inc.’s holdings in Insperity were worth $3,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its position in Insperity by 49.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 548 shares of the business services provider’s stock valued at $33,000 after buying an additional 181 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Insperity by 32.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock worth $67,000 after acquiring an additional 182 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in shares of Insperity by 5.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 8,106 shares of the business services provider’s stock valued at $487,000 after acquiring an additional 451 shares during the period. Retirement Systems of Alabama increased its stake in shares of Insperity by 1.5% in the 2nd quarter. Retirement Systems of Alabama now owns 43,690 shares of the business services provider’s stock worth $2,627,000 after purchasing an additional 642 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Insperity by 30.0% in the 1st quarter. US Bancorp DE now owns 2,796 shares of the business services provider’s stock worth $250,000 after purchasing an additional 646 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NSP. Roth Capital reiterated a “buy” rating and set a $71.00 target price on shares of Insperity in a research report on Tuesday, November 4th. JPMorgan Chase & Co. lowered their price objective on Insperity from $51.00 to $34.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 4th. Wall Street Zen downgraded Insperity from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research lowered shares of Insperity from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Finally, Truist Financial dropped their target price on shares of Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a 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 given a Sell rating to the company. Based on data from MarketBeat, Insperity has an average rating of “Reduce” and an average price target of $46.67.

Insiders Place Their Bets

In related news, Director Randall Mehl acquired 2,000 shares of Insperity stock in a transaction on Thursday, November 6th. The shares were bought at an average cost of $34.25 per share, with a total value of $68,500.00. Following the completion of the purchase, the director directly owned 24,707 shares of the company’s stock, valued at $846,214.75. The trade was a 8.81% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Paul J. Sarvadi sold 10,850 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $51.98, for a total value of $563,983.00. Following the sale, the chief executive officer owned 428,001 shares in the company, valued at approximately $22,247,491.98. This trade represents a 2.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.50% of the company’s stock.

Insperity Trading Up 0.9%

Shares of NSP stock opened at $35.45 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 4.24. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 77.06 and a beta of 0.47. Insperity, Inc. has a 12-month low of $31.00 and a 12-month high of $95.98. The stock’s 50-day moving average price is $40.57 and its 200-day moving average price is $51.22.

Insperity (NYSE:NSP) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.63 billion. Insperity had a net margin of 0.25% and a return on equity of 12.53%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. Equities research analysts predict that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, December 9th. This represents a $2.40 annualized dividend and a yield of 6.8%. Insperity’s dividend payout ratio (DPR) is 521.74%.

Insperity Company Profile

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.