Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Insperity, Inc. (NYSE:NSP – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,369 shares of the business services provider’s stock, valued at approximately $1,648,000.
Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Insperity in the second quarter worth approximately $229,243,000. Reinhart Partners LLC. lifted its stake in Insperity by 12.1% in the second quarter. Reinhart Partners LLC. now owns 3,304,074 shares of the business services provider’s stock valued at $136,492,000 after buying an additional 356,365 shares during the period. Bank of America Corp DE bought a new position in shares of Insperity during the 2nd quarter worth approximately $118,483,000. Hawk Ridge Capital Management LP bought a new position in shares of Insperity during the 1st quarter worth approximately $39,608,000. Finally, Sei Investments Co. boosted its holdings in shares of Insperity by 47.7% during the 1st quarter. Sei Investments Co. now owns 1,311,430 shares of the business services provider’s stock worth $35,461,000 after buying an additional 423,383 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.
Insperity Stock Down 2.1%
Shares of NYSE:NSP opened at $49.75 on Friday. The company has a debt-to-equity ratio of 9.52, a quick ratio of 1.11 and a current ratio of 1.11. Insperity, Inc. has a 52-week low of $18.57 and a 52-week high of $55.90. The business’s 50 day simple moving average is $50.02 and its two-hundred day simple moving average is $39.79. The firm has a market cap of $1.90 billion, a P/E ratio of 621.99 and a beta of 0.48.
Insperity (NYSE:NSP – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The business services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.64 billion. Insperity had a return on equity of 18.27% and a net margin of 0.04%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.20) earnings per share. As a group, research analysts forecast that Insperity, Inc. will post 1.28 EPS for the current fiscal year.
Insperity Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Wednesday, September 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $2.40 annualized dividend and a yield of 4.8%. Insperity’s dividend payout ratio (DPR) is presently 3,000.00%.
Wall Street Analyst Weigh In
Several analysts have recently commented on NSP shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Insperity in a research report on Tuesday, October 13th. Roth Capital set a $61.00 target price on shares of Insperity in a research report on Friday, July 31st. Zacks Research raised shares of Insperity from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Robert W. Baird set a $56.00 target price on shares of Insperity in a research note on Friday, July 31st. Finally, Truist Financial set a $52.00 price target on shares of Insperity and gave the stock a “hold” rating in a report 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $53.33.
Get Our Latest Report on Insperity
Insperity Profile
Insperity, Inc provides human resources and business solutions designed primarily for small and midsize companies in the United States. The company operates as a professional employer organization (PEO), helping clients manage employment-related responsibilities while supporting their day-to-day operations.
Its services include payroll and tax administration, employee benefits, workers’ compensation, human resources guidance, regulatory compliance, recruiting and talent management, performance management, and employee training.
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