Belpointe Asset Management LLC Takes $211,000 Position in Insperity, Inc. (NYSE:NSP)

Belpointe Asset Management LLC acquired a new stake in shares of Insperity, Inc. (NYSE:NSP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,338 shares of the business services provider’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also modified their holdings of NSP. Solstein Capital LLC purchased a new stake in shares of Insperity during the 1st quarter valued at $89,000. IFP Advisors Inc raised its stake in Insperity by 24.2% in the 1st quarter. IFP Advisors Inc now owns 1,287 shares of the business services provider’s stock worth $108,000 after acquiring an additional 251 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in Insperity by 52.8% in the 1st quarter. Point72 Hong Kong Ltd now owns 2,466 shares of the business services provider’s stock worth $207,000 after acquiring an additional 852 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in Insperity in the 1st quarter worth $252,000. Finally, Spears Abacus Advisors LLC raised its stake in Insperity by 39.7% in the 2nd quarter. Spears Abacus Advisors LLC now owns 3,380 shares of the business services provider’s stock worth $305,000 after acquiring an additional 960 shares during the last quarter. Hedge funds and other institutional investors own 94.27% of the company’s stock.

NYSE:NSP opened at $105.74 on Wednesday. Insperity, Inc. has a 52 week low of $62.29 and a 52 week high of $114.33. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 4.23. The stock has a market capitalization of $4.08 billion, a PE ratio of 36.97, a price-to-earnings-growth ratio of 2.00 and a beta of 1.50. The stock’s 50-day moving average price is $102.13 and its 200-day moving average price is $93.65.

Insperity (NYSE:NSP) last posted its earnings results on Sunday, August 1st. The business services provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.25. Insperity had a return on equity of 180.52% and a net margin of 2.46%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm earned $1.54 EPS. The company’s quarterly revenue was up 19.3% on a year-over-year basis. Sell-side analysts expect that Insperity, Inc. will post 3.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, September 10th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, September 9th. Insperity’s dividend payout ratio (DPR) is presently 50.85%.

In related news, CEO Paul J. Sarvadi sold 15,000 shares of Insperity stock in a transaction dated Thursday, September 9th. The stock was sold at an average price of $110.03, for a total value of $1,650,450.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard G. Rawson sold 15,011 shares of Insperity stock in a transaction dated Monday, August 2nd. The stock was sold at an average price of $100.06, for a total value of $1,502,000.66. The disclosure for this sale can be found here. Insiders have sold a total of 63,761 shares of company stock worth $6,397,677 over the last 90 days. Insiders own 6.86% of the company’s stock.

A number of brokerages recently issued reports on NSP. Robert W. Baird raised their target price on Insperity from $98.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, August 9th. Roth Capital raised their target price on Insperity from $103.00 to $116.00 and gave the stock a “buy” rating in a research note on Tuesday, August 3rd. Truist Securities increased their price target on Insperity from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. TheStreet raised Insperity from a “c+” rating to a “b-” rating in a research report on Thursday, July 1st. Finally, Truist increased their price target on Insperity from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $107.77.

Insperity Company Profile

Insperity, Inc engages in the provision of human resources and business solutions. The firm offers payroll and employment administration, employee benefits, workers compensation, government compliance, performance management and training and development services. It also provides cloud-based software solutions including human capital management, payroll services, time and attendance, organizational planning, recruiting services, employment screening, expense management services, retirement services and insurance services.

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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