First Trust Advisors LP Grows Stock Holdings in Insperity, Inc. (NYSE:NSP)

First Trust Advisors LP lifted its holdings in shares of Insperity, Inc. (NYSE:NSP) by 54.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,074,691 shares of the business services provider’s stock after purchasing an additional 377,603 shares during the quarter. First Trust Advisors LP owned about 2.88% of Insperity worth $83,299,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its holdings 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 last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Insperity in the third quarter valued at approximately $32,000. UMB Bank n.a. raised its position in Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock worth $66,000 after buying an additional 267 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Insperity in the 4th quarter valued at approximately $87,000. Finally, Covestor Ltd boosted its holdings in Insperity by 12.6% during the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock worth $101,000 after buying an additional 146 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Insperity

In other Insperity news, COO Arthur A. Arizpe sold 6,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total value of $508,080.00. Following the completion of the transaction, the chief operating officer now owns 72,551 shares in the company, valued at approximately $6,143,618.68. This represents a 7.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen H. Masterson purchased 1,755 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were acquired at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the acquisition, the director now owns 16,612 shares of the company’s stock, valued at approximately $1,424,479. The trade was a 11.81 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.50% of the company’s stock.

Insperity Price Performance

Shares of NYSE NSP opened at $76.79 on Tuesday. Insperity, Inc. has a fifty-two week low of $68.79 and a fifty-two week high of $109.80. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The firm has a market cap of $2.89 billion, a PE ratio of 31.86 and a beta of 0.67. The business has a 50 day moving average price of $86.29 and a two-hundred day moving average price of $81.85.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Thursday, March 13th. Insperity’s dividend payout ratio (DPR) is presently 99.59%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Truist Financial reduced their price target on Insperity from $88.00 to $82.00 and set a “hold” rating on the stock in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $93.67.

About Insperity

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.