SG Americas Securities LLC Buys 12,062 Shares of Insperity, Inc. $NSP

SG Americas Securities LLC lifted its stake in Insperity, Inc. (NYSE:NSP) by 632.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,970 shares of the business services provider’s stock after acquiring an additional 12,062 shares during the quarter. SG Americas Securities LLC’s holdings in Insperity were worth $687,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in Insperity by 2.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,452,465 shares of the business services provider’s stock worth $87,322,000 after purchasing an additional 41,521 shares during the period. Geode Capital Management LLC boosted its stake in shares of Insperity by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,030,548 shares of the business services provider’s stock worth $61,963,000 after buying an additional 13,266 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Insperity by 0.5% in the second quarter. Sei Investments Co. now owns 791,122 shares of the business services provider’s stock worth $47,562,000 after acquiring an additional 3,569 shares during the period. Goldman Sachs Group Inc. increased its position in Insperity by 54.2% during the first quarter. Goldman Sachs Group Inc. now owns 513,785 shares of the business services provider’s stock valued at $45,845,000 after acquiring an additional 180,563 shares during the last quarter. Finally, Invesco Ltd. increased its position in Insperity by 14.8% during the second quarter. Invesco Ltd. now owns 468,995 shares of the business services provider’s stock valued at $28,196,000 after acquiring an additional 60,477 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Insperity news, Director Randall Mehl bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $33.88 per share, with a total value of $33,880.00. Following the completion of the acquisition, the director owned 25,707 shares in the company, valued at $870,953.16. This trade represents a 4.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.29% of the stock is owned by company insiders.

Insperity Price Performance

NSP stock opened at $47.01 on Thursday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.12 and a current ratio of 1.12. The company’s fifty day moving average price is $38.56 and its 200-day moving average price is $46.61. Insperity, Inc. has a one year low of $31.00 and a one year high of $95.98. The company has a market capitalization of $1.77 billion, a PE ratio of 102.20 and a beta of 0.47.

Insperity (NYSE:NSP) last announced its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.42). The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. Insperity had a net margin of 0.25% and a return on equity of 12.53%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, equities analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $2.40 dividend on an annualized basis and a yield of 5.1%. Insperity’s payout ratio is presently 521.74%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NSP. Roth Mkm set a $62.00 target price on Insperity in a research report on Monday, January 5th. Truist Financial dropped their price objective on shares of Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. Zacks Research raised shares of Insperity from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. The Goldman Sachs Group set a $62.00 price target on shares of Insperity in a research report on Monday, January 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Insperity in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Insperity presently has an average rating of “Reduce” and an average price target of $48.25.

Insperity Company Profile

Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.

The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.