Fulcrum Equity Management Takes Position in Insperity, Inc. (NYSE:NSP)

Fulcrum Equity Management bought a new stake in Insperity, Inc. (NYSE:NSP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,081 shares of the business services provider’s stock, valued at approximately $367,000.

A number of other large investors also recently made changes to their positions in the business. Prelude Capital Management LLC acquired a new position in shares of Insperity in the 1st quarter valued at about $231,000. Putnam Investments LLC acquired a new position in shares of Insperity in the 1st quarter valued at about $363,000. JPMorgan Chase & Co. increased its holdings in shares of Insperity by 13.9% in the 1st quarter. JPMorgan Chase & Co. now owns 210,125 shares of the business services provider’s stock valued at $25,541,000 after purchasing an additional 25,674 shares during the period. Jane Street Group LLC increased its holdings in shares of Insperity by 158.5% in the 1st quarter. Jane Street Group LLC now owns 29,470 shares of the business services provider’s stock valued at $3,582,000 after purchasing an additional 18,069 shares during the period. Finally, State Street Corp increased its holdings in shares of Insperity by 3.5% in the 1st quarter. State Street Corp now owns 1,185,248 shares of the business services provider’s stock valued at $144,067,000 after purchasing an additional 39,942 shares during the period. Institutional investors and hedge funds own 91.05% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Paul J. Sarvadi sold 18,950 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $101.33, for a total value of $1,920,203.50. Following the completion of the sale, the chief executive officer now directly owns 519,036 shares of the company’s stock, valued at $52,593,917.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Paul J. Sarvadi sold 18,950 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $101.33, for a total value of $1,920,203.50. Following the completion of the sale, the chief executive officer now directly owns 519,036 shares of the company’s stock, valued at $52,593,917.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John M. Morphy sold 1,500 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $98.24, for a total value of $147,360.00. Following the completion of the sale, the director now directly owns 9,115 shares of the company’s stock, valued at $895,457.60. The disclosure for this sale can be found here. Company insiders own 5.61% of the company’s stock.

Insperity Stock Up 2.6 %

Shares of Insperity stock opened at $98.80 on Friday. The stock has a market capitalization of $3.77 billion, a P/E ratio of 20.64, a PEG ratio of 1.72 and a beta of 1.22. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 2.83. The stock has a 50 day moving average price of $105.56 and a two-hundred day moving average price of $114.28. Insperity, Inc. has a 12-month low of $93.88 and a 12-month high of $131.09.

Insperity (NYSE:NSP) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.56). The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. Insperity had a return on equity of 180.77% and a net margin of 2.92%. Equities analysts expect that Insperity, Inc. will post 3.74 earnings per share for the current year.

Insperity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.57 per share. The ex-dividend date is Thursday, September 7th. This represents a $2.28 dividend on an annualized basis and a yield of 2.31%. Insperity’s payout ratio is currently 48.00%.

Analysts Set New Price Targets

NSP has been the subject of several recent research reports. Truist Financial lowered their price target on Insperity from $128.00 to $110.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. StockNews.com initiated coverage on Insperity in a research note on Friday, August 18th. They issued a “hold” rating for the company. 51job reissued a “reiterates” rating on shares of Insperity in a research note on Thursday, June 15th. Finally, Robert W. Baird lowered their price target on Insperity from $131.00 to $120.00 in a research note on Tuesday, May 30th.

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. 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.