Jacobs Levy Equity Management Inc. Increases Position in Insperity, Inc. (NYSE:NSP)

Jacobs Levy Equity Management Inc. increased its stake in shares of Insperity, Inc. (NYSE:NSP) by 6.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 502,326 shares of the business services provider’s stock after buying an additional 28,623 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Insperity were worth $38,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Value Holdings Management CO. LLC grew its holdings in shares of Insperity by 4.2% during the fourth quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider’s stock valued at $18,432,000 after buying an additional 9,600 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Insperity by 493.2% during the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock valued at $27,000 after buying an additional 291 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in Insperity by 8.3% in the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock valued at $90,830,000 after purchasing an additional 89,809 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Insperity by 16.5% in the third quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider’s stock valued at $13,259,000 after purchasing an additional 21,325 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Insperity by 129.7% in the third quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock valued at $7,269,000 after purchasing an additional 46,625 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NSP has been the topic of several recent research reports. Truist Financial lowered their price target 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 lowered shares of Insperity from a “buy” rating to a “hold” rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Insperity presently has an average rating of “Hold” and a consensus target price of $89.67.

Insperity Trading Down 0.6%

Shares of Insperity stock opened at $65.96 on Monday. The firm has a 50-day simple moving average of $81.71 and a two-hundred day simple moving average of $80.21. The company has a market cap of $2.48 billion, a P/E ratio of 27.37 and a beta of 0.55. Insperity, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $106.69. 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 data on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.44). The firm had revenue of $310.00 million during the quarter, compared to analyst estimates of $1.87 billion. Insperity had a return on equity of 72.22% and a net margin of 1.38%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $2.27 EPS. As a group, equities analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given 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 3.64%. Insperity’s dividend payout ratio (DPR) is presently 142.86%.

Insider Buying and Selling

In other Insperity news, Director Ellen H. Masterson acquired 1,755 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was bought at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the acquisition, the director now owns 16,612 shares in the company, valued at approximately $1,424,479. The trade was a 11.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Paul J. Sarvadi sold 14,203 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $65.26, for a total transaction of $926,887.78. Following the completion of the sale, the chief executive officer now owns 458,589 shares of the company’s stock, valued at approximately $29,927,518.14. The trade was a 3.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,203 shares of company stock worth $3,542,968 in the last 90 days. Insiders own 5.29% of the company’s stock.

Insperity 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.