Man Group plc Has $21.37 Million Stock Position in Insperity, Inc. (NYSE:NSP)

Man Group plc decreased its stake in shares of Insperity, Inc. (NYSE:NSP) by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,739 shares of the business services provider’s stock after selling 65,678 shares during the period. Man Group plc owned 0.74% of Insperity worth $21,373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nomura Holdings Inc. acquired a new position in Insperity during the 4th quarter worth about $365,000. Millennium Management LLC lifted its position in Insperity by 28.4% during the 4th quarter. Millennium Management LLC now owns 51,097 shares of the business services provider’s stock worth $3,961,000 after buying an additional 11,289 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Insperity by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,436 shares of the business services provider’s stock valued at $1,584,000 after purchasing an additional 795 shares during the period. LRI Investments LLC lifted its position in Insperity by 624.4% during the 4th quarter. LRI Investments LLC now owns 2,883 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 2,485 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Insperity by 6.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 502,326 shares of the business services provider’s stock valued at $38,935,000 after purchasing an additional 28,623 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insider Activity

In other news, CEO Paul J. Sarvadi sold 14,203 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $65.26, for a total value of $926,887.78. Following the completion of the sale, the chief executive officer now directly owns 458,589 shares of the company’s stock, valued at $29,927,518.14. This represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.29% of the stock is currently owned by company insiders.

Insperity Stock Performance

Shares of NSP stock opened at $71.70 on Friday. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $2.70 billion, a PE ratio of 29.75 and a beta of 0.55. The stock has a 50-day moving average of $79.79 and a 200-day moving average of $79.87. Insperity, Inc. has a one year low of $61.54 and a one year high of $106.01.

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

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.60 dividend. The ex-dividend date was Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.35%. Insperity’s dividend payout ratio (DPR) is presently 142.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial cut their target price on shares of Insperity from $82.00 to $70.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. StockNews.com downgraded shares of Insperity from a “buy” rating to a “hold” rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, Insperity has a consensus rating of “Hold” and an average price target of $89.67.

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.