PDT Partners LLC Purchases New Shares in Insperity, Inc. (NYSE:NSP)

PDT Partners LLC acquired a new position in shares of Insperity, Inc. (NYSE:NSP) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,121 shares of the business services provider’s stock, valued at approximately $707,000.

A number of other institutional investors also recently bought and sold shares of NSP. Value Holdings Management CO. LLC grew its holdings in shares of Insperity by 4.2% during the fourth quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider’s stock worth $18,432,000 after buying an additional 9,600 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 291 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of Insperity by 8.3% in the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock valued at $90,830,000 after purchasing an additional 89,809 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Insperity by 16.5% during the third quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider’s stock worth $13,259,000 after purchasing an additional 21,325 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Insperity by 129.7% during the third quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock worth $7,269,000 after purchasing an additional 46,625 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insperity Trading Up 2.1 %

Shares of NSP stock opened at $66.37 on Friday. Insperity, Inc. has a 1-year low of $61.54 and a 1-year high of $106.69. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. The business’s fifty day moving average price is $84.28 and its 200 day moving average price is $81.22. The firm has a market capitalization of $2.50 billion, a PE ratio of 27.54 and a beta of 0.67.

Insperity (NYSE:NSP) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.44). Insperity had a net margin of 1.38% and a return on equity of 72.22%. The company had revenue of $310.00 million during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business earned $2.27 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.62%. The ex-dividend date was Thursday, March 13th. Insperity’s payout ratio is currently 142.86%.

Insider Buying and Selling

In other news, COO Arthur A. Arizpe sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total transaction of $508,080.00. Following the completion of the transaction, the chief operating officer now directly owns 72,551 shares of the company’s stock, valued at $6,143,618.68. This trade represents a 7.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the sale, the chief executive officer now directly owns 436,584 shares in the company, valued at approximately $36,812,762.88. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NSP shares. Truist Financial lowered their price objective on shares of Insperity from $82.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday. StockNews.com downgraded shares of Insperity from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, Insperity currently has an average rating of “Hold” and an average target price 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.