The Manufacturers Life Insurance Company purchased a new position in shares of Insperity, Inc. (NYSE:NSP – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,850 shares of the business services provider’s stock, valued at approximately $613,000.
Several other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in Insperity by 48.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 1,299 shares of the business services provider’s stock worth $35,000 after acquiring an additional 422 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Insperity by 845.3% in the 4th quarter. Allworth Financial LP now owns 1,106 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 989 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 worth $47,000 after purchasing an additional 416 shares during the period. UMB Bank n.a. increased its holdings in Insperity by 62.9% during the fourth quarter. UMB Bank n.a. now owns 1,427 shares of the business services provider’s stock valued at $55,000 after buying an additional 551 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Insperity by 293.6% in the first quarter. Geneos Wealth Management Inc. now owns 2,078 shares of the business services provider’s stock worth $56,000 after buying an additional 1,550 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.
Insperity Stock Performance
NSP opened at $51.82 on Monday. Insperity, Inc. has a 52-week low of $18.57 and a 52-week high of $57.22. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 6.87. The company has a market cap of $1.98 billion, a P/E ratio of -120.51 and a beta of 0.51. The firm’s 50-day moving average price is $49.84 and its 200-day moving average price is $36.63.
Insperity Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Wednesday, September 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, September 2nd. Insperity’s dividend payout ratio is presently -558.14%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on NSP shares. Zacks Research upgraded Insperity from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings raised Insperity from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 15th. Robert W. Baird set a $56.00 target price on shares of Insperity in a report on Friday, July 31st. Truist Financial set a $52.00 price objective on shares of Insperity and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Finally, Roth Capital set a $61.00 price objective on shares of Insperity in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Insperity presently has an average rating of “Reduce” and a consensus price target of $53.33.
Check Out Our Latest Stock Analysis on NSP
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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