Fulton Bank N.A. bought a new position in shares of Insperity, Inc. (NYSE:NSP – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 14,407 shares of the business services provider’s stock, valued at approximately $595,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased 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 purchasing an additional 182 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted 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. Farther Finance Advisors LLC lifted its stake in Insperity by 871.6% in the 4th quarter. Farther Finance Advisors LLC now owns 991 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 889 shares during the last quarter. Allworth Financial LP grew its holdings in Insperity by 845.3% during the fourth quarter. Allworth Financial LP now owns 1,106 shares of the business services provider’s stock worth $43,000 after purchasing an additional 989 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Insperity by 48.1% during the first quarter. Public Employees Retirement System of Ohio now owns 1,299 shares of the business services provider’s stock worth $35,000 after purchasing an additional 422 shares during the period. 93.44% of the stock is owned by institutional investors.
Insperity Stock Performance
NYSE NSP opened at $50.43 on Thursday. The stock has a market cap of $1.93 billion, a PE ratio of -117.28 and a beta of 0.52. The company has a debt-to-equity ratio of 6.87, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a 50-day moving average of $44.57 and a 200-day moving average of $34.92. Insperity, Inc. has a 52-week low of $18.57 and a 52-week high of $57.22.
Insperity Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 annualized dividend and a dividend yield of 4.8%. Insperity’s dividend payout ratio is presently -558.14%.
Insider Activity at Insperity
In other news, CEO Paul J. Sarvadi bought 233,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average price of $34.05 per share, for a total transaction of $7,933,650.00. Following the completion of the purchase, the chief executive officer owned 1,105,912 shares in the company, valued at approximately $37,656,303.60. This trade represents a 26.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.77% of the company’s stock.
Analyst Upgrades and Downgrades
NSP has been the topic of a number of recent analyst reports. Roth Capital set a $61.00 price target on Insperity in a research report on Friday, July 31st. Wall Street Zen raised Insperity from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Insperity from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Truist Financial set a $52.00 target price on Insperity and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Insperity from $35.00 to $33.00 and set an “underweight” rating on the stock in a research note on Friday, May 1st. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $53.33.
Read Our Latest Stock Analysis on NSP
Insperity Company Profile
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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