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Arkadios Wealth Advisors Makes New $346,000 Investment in Insperity, Inc. (NYSE:NSP)

Defense World · Sep 26, 2022 05:21

Arkadios Wealth Advisors bought a new position in shares of Insperity, Inc. (NYSE:NSP – Get Rating) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,471 shares of the business services provider's stock, valued at approximately $346,000.

A number of other hedge funds also recently added to or reduced their stakes in NSP. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Insperity by 43.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,834 shares of the business services provider's stock valued at $383,000 after purchasing an additional 1,155 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Insperity by 36.5% in the 2nd quarter. Diversified Trust Co now owns 10,251 shares of the business services provider's stock valued at $1,023,000 after purchasing an additional 2,742 shares in the last quarter. Trinity Legacy Partners LLC raised its holdings in shares of Insperity by 0.7% in the 2nd quarter. Trinity Legacy Partners LLC now owns 275,616 shares of the business services provider's stock valued at $28,025,000 after purchasing an additional 1,877 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Insperity by 7.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 24,815 shares of the business services provider's stock valued at $2,492,000 after purchasing an additional 1,669 shares in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of Insperity in the 1st quarter valued at $521,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Truist Financial reduced their price objective on shares of Insperity from $138.00 to $120.00 in a report on Friday, July 15th. TheStreet raised shares of Insperity from a "c+" rating to a "b-" rating in a research report on Wednesday, July 20th. Finally, William Blair reaffirmed an "outperform" rating on shares of Insperity in a research report on Tuesday, August 2nd.

Insperity Trading Down 2.8 %

NYSE NSP opened at $103.05 on Monday. The company has a debt-to-equity ratio of 10.51, a current ratio of 1.13 and a quick ratio of 1.13. The firm's fifty day moving average price is $109.03 and its 200 day moving average price is $102.45. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. Insperity, Inc. has a 12 month low of $83.94 and a 12 month high of $129.32.

Insperity (NYSE:NSP – Get Rating) last issued its quarterly earnings data 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. Insperity had a net margin of 2.55% and a return on equity of 341.97%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm posted $0.65 EPS. Insperity's revenue for the quarter was up 20.8% on a year-over-year basis. On average, sell-side analysts expect that Insperity, Inc. will post 4.03 earnings per share for the current fiscal year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, September 8th. Insperity's payout ratio is currently 57.46%.

Insiders Place Their Bets

In other Insperity news, CEO Paul J. Sarvadi sold 23,918 shares of the firm'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 transaction, the chief executive officer now directly owns 596,667 shares of the company's stock, valued at approximately $65,883,970.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Paul J. Sarvadi sold 23,918 shares of Insperity 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 sale, the chief executive officer now owns 596,667 shares of the company's stock, valued at $65,883,970.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John M. Morphy sold 1,750 shares of Insperity stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $109.19, for a total transaction of $191,082.50. Following the completion of the sale, the director now directly owns 9,041 shares in the company, valued at approximately $987,186.79. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,143 shares of company stock valued at $6,904,947. Insiders own 6.10% of the company's stock.

Insperity 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.