Louisiana State Employees Retirement System purchased a new stake in shares of Insperity, Inc. (NYSE:NSP – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,900 shares of the business services provider’s stock, valued at approximately $430,000.
Other large investors have also recently modified their holdings of the company. Blue Trust Inc. grew its position in Insperity by 123.4% during the 1st quarter. Blue Trust Inc. now owns 7,140 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 3,944 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Insperity in the first quarter worth about $506,000. Hsbc Holdings PLC lifted its stake in shares of Insperity by 21.4% in the fourth quarter. Hsbc Holdings PLC now owns 21,943 shares of the business services provider’s stock worth $851,000 after buying an additional 3,869 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Insperity by 117.8% in the fourth quarter. Invesco Ltd. now owns 1,137,255 shares of the business services provider’s stock worth $44,035,000 after buying an additional 615,100 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Insperity during the fourth quarter valued at approximately $291,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.
Insperity Trading Down 3.6%
NYSE:NSP opened at $43.91 on Thursday. The company has a market cap of $1.68 billion, a PE ratio of -65.53 and a beta of 0.55. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 5.51. The company has a 50 day simple moving average of $35.73 and a two-hundred day simple moving average of $33.53. Insperity, Inc. has a 12 month low of $18.57 and a 12 month high of $61.74.
Insperity Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Thursday, June 4th. Insperity’s dividend payout ratio (DPR) is presently -358.21%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Insperity from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Wall Street Zen upgraded Insperity from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Insperity in a report on Wednesday, June 24th. JPMorgan Chase & Co. decreased their price target on Insperity from $35.00 to $33.00 and set an “underweight” rating for the company in a research note on Friday, May 1st. Finally, Roth Capital set a $54.00 price target on Insperity in a report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $46.00.
View Our Latest Analysis on Insperity
Insider Transactions at Insperity
In other news, CEO Paul J. Sarvadi purchased 233,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was acquired 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 in the company, valued at $37,656,303.60. This trade represents a 26.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.77% of the company’s stock.
About Insperity
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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