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Blueshift Asset Management LLC Cuts Stake in Insperity, Inc. (NYSE:NSP)

Defense World · Sep 2, 2022 05:21

Blueshift Asset Management LLC reduced its holdings in shares of Insperity, Inc. (NYSE:NSP – Get Rating) by 40.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,600 shares of the business services provider's stock after selling 1,760 shares during the quarter. Blueshift Asset Management LLC's holdings in Insperity were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Alliancebernstein L.P. grew its holdings in Insperity by 274.5% during the 4th quarter. Alliancebernstein L.P. now owns 1,001,963 shares of the business services provider's stock valued at $118,342,000 after buying an additional 734,422 shares in the last quarter. Copeland Capital Management LLC grew its stake in Insperity by 399.0% during the 1st quarter. Copeland Capital Management LLC now owns 508,033 shares of the business services provider's stock valued at $51,017,000 after purchasing an additional 406,226 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Insperity by 892.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 115,658 shares of the business services provider's stock valued at $11,614,000 after buying an additional 104,008 shares during the period. JPMorgan Chase & Co. raised its holdings in Insperity by 67.3% in the 1st quarter. JPMorgan Chase & Co. now owns 182,864 shares of the business services provider's stock worth $18,362,000 after purchasing an additional 73,581 shares during the period. Finally, Mawer Investment Management Ltd. raised its holdings in shares of Insperity by 1.3% during the first quarter. Mawer Investment Management Ltd. now owns 4,920,759 shares of the business services provider's stock valued at $494,143,000 after acquiring an additional 61,473 shares during the last quarter. 89.77% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other Insperity news, CEO Paul J. Sarvadi sold 23,918 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now owns 596,667 shares in the company, valued at approximately $65,883,970.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Paul J. Sarvadi sold 23,918 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 596,667 shares in the company, valued at $65,883,970.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Paul J. Sarvadi sold 18,106 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $110.52, for a total transaction of $2,001,075.12. Following the sale, the chief executive officer now directly owns 578,421 shares of the company's stock, valued at $63,927,088.92. The disclosure for this sale can be found here. Insiders have sold a total of 60,576 shares of company stock worth $6,727,485 over the last quarter. 6.10% of the stock is owned by company insiders.

Insperity Stock Up 0.3 %

Shares of Insperity stock opened at $109.38 on Friday. Insperity, Inc. has a twelve month low of $83.94 and a twelve month high of $129.32. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 10.51. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 1.83 and a beta of 1.34. The company has a fifty day moving average price of $106.22 and a 200 day moving average price of $100.08.

Insperity (NYSE:NSP – Get Rating) last released its quarterly earnings data on Monday, August 1st. The business services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.16. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.41 billion. Insperity had a net margin of 2.55% and a return on equity of 341.97%. Insperity's quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Equities research analysts forecast that Insperity, Inc. will post 4.03 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, September 8th. This represents a $2.08 annualized dividend and a yield of 1.90%. Insperity's dividend payout ratio (DPR) is 57.46%.

Analyst Ratings Changes

Several research analysts recently weighed in on NSP shares. TheStreet upgraded Insperity from a "c+" rating to a "b-" rating in a research report on Wednesday, July 20th. William Blair restated an "outperform" rating on shares of Insperity in a research note on Tuesday, August 2nd. Finally, Truist Financial dropped their price objective on Insperity from $138.00 to $120.00 in a report on Friday, July 15th.

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.