Insperity, Inc. (NYSE:NSP) Shares Bought by SG Americas Securities LLC

Posted by Defense World Staff on Apr 28th, 2023

SG Americas Securities LLC grew its position in Insperity, Inc. (NYSE:NSP – Get Rating) by 195.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,434 shares of the business services provider’s stock after acquiring an additional 6,903 shares during the period. SG Americas Securities LLC’s holdings in Insperity were worth $1,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Insperity in the 3rd quarter valued at approximately $25,000. Ronald Blue Trust Inc. acquired a new position in Insperity during the fourth quarter worth $25,000. Wipfli Financial Advisors LLC acquired a new stake in Insperity in the third quarter valued at $30,000. Point72 Hong Kong Ltd purchased a new stake in shares of Insperity during the 1st quarter worth $124,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Insperity during the 3rd quarter worth $201,000. 90.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Arthur A. Arizpe sold 2,500 shares of Insperity stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $124.44, for a total transaction of $311,100.00. Following the completion of the sale, the chief operating officer now owns 64,168 shares in the company, valued at approximately $7,985,065.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Insperity news, COO Arthur A. Arizpe sold 2,500 shares of the firm’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $124.44, for a total transaction of $311,100.00. Following the sale, the chief operating officer now directly owns 64,168 shares of the company’s stock, valued at approximately $7,985,065.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James D. Allison sold 5,000 shares of Insperity stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $124.96, for a total transaction of $624,800.00. Following the sale, the executive vice president now owns 40,380 shares of the company’s stock, valued at $5,045,884.80. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock worth $2,471,240 over the last three months. 6.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on NSP. Truist Financial cut shares of Insperity from a “buy” rating to a “hold” rating and set a $128.00 price objective for the company. in a research note on Monday. StockNews.com initiated coverage on Insperity in a research note on Thursday, March 16th. They set a “strong-buy” rating on the stock.

Insperity Price Performance

Insperity stock opened at $122.00 on Friday. The firm has a market capitalization of $4.66 billion, a PE ratio of 26.29, a P/E/G ratio of 1.81 and a beta of 1.23. Insperity, Inc. has a 52 week low of $87.74 and a 52 week high of $131.09. The firm’s 50-day simple moving average is $121.61 and its 200 day simple moving average is $116.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 4.55.

Insperity (NYSE:NSP – Get Rating) last announced its quarterly earnings results on Thursday, February 9th. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.28. Insperity had a net margin of 3.02% and a return on equity of 340.21%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.51 billion. On average, equities research analysts predict that Insperity, Inc. will post 4.43 EPS for the current fiscal year.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Shareholders of record on Friday, March 10th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, March 9th. Insperity’s payout ratio is 44.83%.

About Insperity

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Insperity, Inc engages in the provision of human resources and business solutions designed to help improve business performance. The firm also offers payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management, and training and development services, along with cloud-based human capital management platform.