Sei Investments Co. lifted its stake in Insperity, Inc. (NYSE:NSP – Free Report) by 47.7% in the 1st quarter, Holdings Channel reports. The firm owned 1,311,430 shares of the business services provider’s stock after purchasing an additional 423,383 shares during the quarter. Sei Investments Co.’s holdings in Insperity were worth $35,461,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in Insperity by 32.2% during the first 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. Assetmark Inc. increased its position in Insperity by 15.7% during the 4th quarter. Assetmark Inc. now owns 2,852 shares of the business services provider’s stock worth $110,000 after purchasing an additional 387 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Insperity by 75.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 964 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 416 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Insperity by 7.7% in the 3rd quarter. Lazard Asset Management LLC now owns 6,029 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 431 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Insperity by 62.9% during the 4th quarter. UMB Bank n.a. now owns 1,427 shares of the business services provider’s stock worth $55,000 after purchasing an additional 551 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.
Insperity Stock Performance
Shares of NYSE:NSP opened at $48.42 on Monday. The business has a 50-day moving average of $39.67 and a two-hundred day moving average of $34.32. The firm has a market capitalization of $1.85 billion, a PE ratio of -72.26 and a beta of 0.55. The company has a debt-to-equity ratio of 5.51, a current ratio of 1.09 and a quick ratio of 1.09. Insperity, Inc. has a 12 month low of $18.57 and a 12 month high of $61.65.
Insperity Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 5.0%. The ex-dividend date was Thursday, June 4th. Insperity’s payout ratio is currently -358.21%.
Insider Transactions at Insperity
In other Insperity news, CEO Paul J. Sarvadi acquired 233,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $34.05 per share, with a total value of $7,933,650.00. Following the completion of the transaction, the chief executive officer directly owned 1,105,912 shares of the company’s stock, valued at approximately $37,656,303.60. The trade was a 26.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.77% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages recently issued reports on NSP. Zacks Research lowered shares of Insperity from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. decreased their price objective on Insperity from $35.00 to $33.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. Wall Street Zen upgraded Insperity from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial set a $52.00 price target on Insperity and gave the stock a “hold” rating in a research note on Wednesday. Finally, Weiss Ratings raised shares of Insperity from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Insperity has a consensus rating of “Reduce” and an average price target of $48.83.
View Our Latest Report on Insperity
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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