Insperity, Inc. (NYSE:NSP) Shares Bought by Teacher Retirement System of Texas

Posted by on Jun 7th, 2023

Teacher Retirement System of Texas raised its stake in Insperity, Inc. (NYSE:NSP – Get Rating) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,386 shares of the business services provider’s stock after acquiring an additional 463 shares during the quarter. Teacher Retirement System of Texas’ holdings in Insperity were worth $1,748,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Insperity in the third quarter worth $25,000. Ronald Blue Trust Inc. acquired a new position in shares of Insperity in the fourth quarter worth $25,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Insperity in the fourth quarter worth $28,000. Point72 Hong Kong Ltd acquired a new position in shares of Insperity in the first quarter worth $124,000. Finally, Van ECK Associates Corp acquired a new position in shares of Insperity in the fourth quarter worth $186,000. 90.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on NSP shares. Robert W. Baird dropped their target price on Insperity from $131.00 to $120.00 in a research note on Tuesday, May 30th. StockNews.com started coverage on Insperity in a research note on Thursday, May 18th. They issued a “strong-buy” rating for the company. 1-800-FLOWERS.COM reiterated a “maintains” rating on shares of Insperity in a research note on Thursday, April 27th. 22nd Century Group reiterated a “maintains” rating on shares of Insperity in a research note on Thursday, April 27th. Finally, Truist Financial downgraded Insperity from a “buy” rating to a “hold” rating and set a $128.00 price target for the company. in a research report on Monday, April 24th. One analyst has rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $129.00.

Insider Transactions at Insperity

In related news, Director Richard G. Rawson sold 6,000 shares of the stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $130.15, for a total value of $780,900.00. Following the completion of the transaction, the director now owns 50,796 shares of the company’s stock, valued at $6,611,099.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Paul J. Sarvadi sold 840 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $124.12, for a total value of $104,260.80. Following the completion of the transaction, the chief executive officer now owns 550,288 shares of the company’s stock, valued at $68,301,746.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard G. Rawson sold 6,000 shares of the stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $130.15, for a total value of $780,900.00. Following the completion of the transaction, the director now directly owns 50,796 shares of the company’s stock, valued at approximately $6,611,099.40. The disclosure for this sale can be found here. Insiders sold 24,301 shares of company stock valued at $2,878,438 over the last quarter. Company insiders own 5.61% of the company’s stock.

Insperity Price Performance

Shares of NYSE NSP opened at $120.56 on Wednesday. Insperity, Inc. has a 1-year low of $87.74 and a 1-year high of $131.09. The business has a 50-day moving average of $118.01 and a 200-day moving average of $117.10. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.64 and a beta of 1.23.

Insperity Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, June 8th will be given a $0.57 dividend. This is an increase from Insperity’s previous quarterly dividend of $0.52. The ex-dividend date is Wednesday, June 7th. This represents a $2.28 annualized dividend and a dividend yield of 1.89%. Insperity’s dividend payout ratio is presently 39.32%.

Insperity Profile

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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.

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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