Sovereign s Capital Management LLC Purchases New Position in Insperity, Inc. (NYSE:NSP)

Sovereign s Capital Management LLC purchased a new stake in Insperity, Inc. (NYSE:NSP) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 51,080 shares of the business services provider’s stock, valued at approximately $3,959,000. Insperity comprises 2.5% of Sovereign s Capital Management LLC’s investment portfolio, making the stock its 12th largest position.

A number of other hedge funds have also modified their holdings of NSP. Jones Financial Companies Lllp raised its position in shares of Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 291 shares during the period. UMB Bank n.a. raised its position in shares of Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 267 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Insperity in the 4th quarter valued at approximately $87,000. Covestor Ltd raised its position in shares of Insperity by 12.6% in the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 146 shares during the period. Finally, KBC Group NV raised its position in shares of Insperity by 87.5% in the 4th quarter. KBC Group NV now owns 1,939 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 905 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $65.26, for a total value of $926,887.78. Following the completion of the transaction, the chief executive officer now directly owns 458,589 shares of the company’s stock, valued at approximately $29,927,518.14. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.29% of the company’s stock.

Insperity Stock Performance

Shares of NSP stock opened at $71.70 on Monday. The company has a market capitalization of $2.70 billion, a P/E ratio of 29.75 and a beta of 0.55. Insperity, Inc. has a 52 week low of $61.54 and a 52 week high of $105.01. The company’s 50 day moving average price is $79.79 and its two-hundred day moving average price is $79.86. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.44). The business had revenue of $310.00 million for the quarter, compared to the consensus estimate of $1.87 billion. Insperity had a return on equity of 72.22% and a net margin of 1.38%. Insperity’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.27 earnings per share. On average, analysts expect that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, March 13th. This represents a $2.40 annualized dividend and a dividend yield of 3.35%. Insperity’s dividend payout ratio is currently 142.86%.

Analyst Ratings Changes

Several analysts have commented on NSP shares. Truist Financial dropped their target price on shares of Insperity from $82.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. StockNews.com downgraded shares of Insperity from a “buy” rating to a “hold” rating in a report on Wednesday, April 30th.

Insperity Company Profile

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It 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.