Teachers Retirement System of The State of Kentucky lifted its stake in Insperity, Inc. (NYSE:NSP – Get Rating) by 7.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 24,815 shares of the business services provider's stock after purchasing an additional 1,669 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Insperity were worth $2,492,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of Insperity by 294.8% in the first quarter. Fifth Third Bancorp now owns 383 shares of the business services provider's stock valued at $38,000 after buying an additional 286 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Insperity in the first quarter valued at approximately $124,000. Fieldpoint Private Securities LLC boosted its stake in shares of Insperity by 28.6% in the first quarter. Fieldpoint Private Securities LLC now owns 1,573 shares of the business services provider's stock valued at $158,000 after buying an additional 350 shares during the period. National Bank of Canada FI boosted its stake in shares of Insperity by 10.2% in the first quarter. National Bank of Canada FI now owns 1,829 shares of the business services provider's stock valued at $184,000 after buying an additional 170 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in Insperity by 381.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,221 shares of the business services provider's stock worth $262,000 after purchasing an additional 1,760 shares during the last quarter. 89.77% of the stock is currently owned by institutional investors.
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Analyst Ratings Changes
NSP has been the subject of several recent analyst reports. Truist Financial cut their target price on Insperity from $138.00 to $120.00 in a research note on Friday, July 15th. TheStreet upgraded Insperity from a "c+" rating to a "b-" rating in a research note on Wednesday, July 20th. Finally, William Blair restated an "outperform" rating on shares of Insperity in a research note on Tuesday, August 2nd.
Insider Transactions at Insperity
In other news, CEO Paul J. Sarvadi sold 23,918 shares of the company's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $110.42, for a total transaction of $2,641,025.56. Following the completion of the transaction, the chief executive officer now directly owns 596,667 shares in the company, valued at $65,883,970.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Arthur A. Arizpe sold 5,000 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the sale, the chief operating officer now directly owns 71,668 shares in the company, valued at $7,883,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul J. Sarvadi sold 23,918 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $110.42, for a total value of $2,641,025.56. Following the completion of the sale, the chief executive officer now owns 596,667 shares of the company's stock, valued at $65,883,970.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,143 shares of company stock worth $6,904,947. Corporate insiders own 6.10% of the company's stock.
Insperity Stock Up 2.3 %
Shares of NYSE:NSP opened at $108.71 on Tuesday. The company has a fifty day moving average of $108.58 and a 200-day moving average of $101.90. The company has a market capitalization of $4.13 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.34. The company has a debt-to-equity ratio of 10.51, a quick ratio of 1.13 and a current ratio of 1.13. Insperity, Inc. has a 52-week low of $83.94 and a 52-week high of $129.32.
Insperity (NYSE:NSP – Get Rating) last announced its quarterly earnings results on Monday, August 1st. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.16. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Insperity had a net margin of 2.55% and a return on equity of 341.97%. The company's revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. On average, equities analysts predict that Insperity, Inc. will post 4.03 EPS for the current fiscal year.
Insperity Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $2.08 annualized dividend and a dividend yield of 1.91%. Insperity's dividend payout ratio (DPR) is presently 57.46%.
Insperity Company Profile
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Insperity, Inc provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company 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.
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