Insperity, Inc. (NYSE:NSP) Shares Acquired by Mutual of America Capital Management LLC

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Mutual of America Capital Management LLC grew its position in Insperity, Inc. (NYSE:NSPGet Rating) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,516 shares of the business services provider’s stock after purchasing an additional 490 shares during the period. Mutual of America Capital Management LLC’s holdings in Insperity were worth $3,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NSP. Louisiana State Employees Retirement System grew its stake in Insperity by 1.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the business services provider’s stock worth $965,000 after buying an additional 100 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in Insperity by 1.6% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 9,300 shares of the business services provider’s stock worth $934,000 after buying an additional 150 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Insperity by 2.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 9,150 shares of the business services provider’s stock worth $1,081,000 after buying an additional 198 shares during the last quarter. Fulton Bank N.A. grew its stake in Insperity by 3.9% during the 1st quarter. Fulton Bank N.A. now owns 6,068 shares of the business services provider’s stock worth $610,000 after buying an additional 228 shares during the last quarter. Finally, Avestar Capital LLC grew its stake in Insperity by 6.0% during the 1st quarter. Avestar Capital LLC now owns 4,184 shares of the business services provider’s stock worth $420,000 after buying an additional 238 shares during the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Paul J. Sarvadi sold 32,609 shares of the company’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $107.48, for a total transaction of $3,504,815.32. Following the completion of the sale, the chief executive officer now directly owns 620,585 shares of the company’s stock, valued at $66,700,475.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NSP. TheStreet upgraded Insperity from a “c+” rating to a “b-” rating in a research report on Wednesday, July 20th. Truist Financial reduced their price target on Insperity from $138.00 to $120.00 in a research report on Friday, July 15th. Finally, StockNews.com upgraded Insperity from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 29th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $129.33.

Insperity Trading Up 3.2 %

Shares of Insperity stock opened at $106.41 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.88. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 1.81 and a beta of 1.37. The business has a fifty day simple moving average of $98.19 and a 200-day simple moving average of $99.12. Insperity, Inc. has a fifty-two week low of $83.94 and a fifty-two week high of $129.32.

Insperity (NYSE:NSPGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The business services provider reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.15. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.54 billion. Insperity had a return on equity of 244.01% and a net margin of 2.51%. The company’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 earnings per share. On average, equities analysts forecast that Insperity, Inc. will post 3.82 EPS for the current fiscal year.

Insperity Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Thursday, June 9th were issued a $0.52 dividend. This is a positive change from Insperity’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $2.08 annualized dividend and a dividend yield of 1.95%. Insperity’s dividend payout ratio is 61.18%.

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.

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