State Board of Administration of Florida Retirement System Has $1.15 Million Stake in Insperity, Inc. (NYSE:NSP)

State Board of Administration of Florida Retirement System lessened its position in Insperity, Inc. (NYSE:NSP) by 3.7% in the first quarter, Holdings Channel.com reports. The firm owned 13,694 shares of the business services provider’s stock after selling 520 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Insperity were worth $1,147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NSP. First Horizon Advisors Inc. boosted its stake in shares of Insperity by 62.0% during the fourth quarter. First Horizon Advisors Inc. now owns 350 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 134 shares in the last quarter. Fulton Bank N.A. grew its holdings in Insperity by 3.8% during the 1st quarter. Fulton Bank N.A. now owns 4,841 shares of the business services provider’s stock worth $405,000 after acquiring an additional 178 shares during the last quarter. IFP Advisors Inc increased its position in Insperity by 24.2% in the 1st quarter. IFP Advisors Inc now owns 1,287 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 251 shares during the period. Insight Wealth Strategies LLC raised its stake in shares of Insperity by 2.8% during the fourth quarter. Insight Wealth Strategies LLC now owns 11,075 shares of the business services provider’s stock valued at $902,000 after acquiring an additional 299 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Insperity by 3.4% during the first quarter. Louisiana State Employees Retirement System now owns 9,200 shares of the business services provider’s stock worth $770,000 after purchasing an additional 300 shares during the period. 87.45% of the stock is owned by institutional investors and hedge funds.

Shares of Insperity stock opened at $90.25 on Friday. The stock’s 50-day simple moving average is $88.29. Insperity, Inc. has a 1-year low of $52.13 and a 1-year high of $95.78. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $3.49 billion, a P/E ratio of 25.49, a P/E/G ratio of 1.82 and a beta of 1.50.

Insperity (NYSE:NSP) last released its earnings results on Monday, May 3rd. The business services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.56 by $0.26. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Insperity had a return on equity of 271.01% and a net margin of 3.18%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.70 earnings per share. Analysts forecast that Insperity, Inc. will post 3.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 24th. Stockholders of record on Thursday, June 10th will be given a dividend of $0.45 per share. This is an increase from Insperity’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, June 9th. This represents a $1.80 annualized dividend and a dividend yield of 1.99%. Insperity’s dividend payout ratio (DPR) is 45.20%.

In other Insperity news, COO Arthur A. Arizpe sold 2,500 shares of Insperity stock in a transaction on Thursday, May 27th. The shares were sold at an average price of $94.00, for a total value of $235,000.00. Following the completion of the sale, the chief operating officer now directly owns 80,460 shares of the company’s stock, valued at $7,563,240. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard G. Rawson sold 15,000 shares of the company’s stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $89.01, for a total transaction of $1,335,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 48,308 shares of company stock worth $4,405,241 in the last quarter. 6.90% of the stock is owned by corporate insiders.

Several research analysts recently issued reports on the company. Roth Capital raised their target price on Insperity from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, May 4th. Truist lifted their price objective on Insperity from $105.00 to $115.00 in a research note on Thursday, March 11th. Zacks Investment Research raised Insperity from a “sell” rating to a “hold” rating and set a $90.00 price objective on the stock in a research note on Wednesday, April 14th. Finally, Truist Securities increased their target price on shares of Insperity from $105.00 to $115.00 in a research report on Thursday, March 11th.

Insperity Profile

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, which 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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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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