Harbor Capital Advisors Inc. Has $9.32 Million Stake in Insperity, Inc. (NYSE:NSP)

Harbor Capital Advisors Inc. lifted its position in shares of Insperity, Inc. (NYSE:NSP) by 69.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,952 shares of the business services provider’s stock after buying an additional 43,597 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.28% of Insperity worth $9,324,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Empowered Funds LLC acquired a new stake in Insperity during the 1st quarter worth about $1,956,000. ProShare Advisors LLC lifted its stake in Insperity by 10.5% in the first quarter. ProShare Advisors LLC now owns 80,514 shares of the business services provider’s stock valued at $8,825,000 after buying an additional 7,626 shares during the period. Vanguard Group Inc. lifted its stake in Insperity by 4.9% in the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock valued at $428,696,000 after buying an additional 182,773 shares during the period. Quantbot Technologies LP boosted its holdings in shares of Insperity by 2,277.8% during the 1st quarter. Quantbot Technologies LP now owns 15,765 shares of the business services provider’s stock worth $1,728,000 after buying an additional 15,102 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Insperity by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 422,163 shares of the business services provider’s stock worth $38,505,000 after buying an additional 14,095 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the completion of the sale, the chief executive officer now owns 509,129 shares in the company, valued at approximately $46,956,967.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price on the stock. Truist Financial dropped their price objective on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a report on Friday. Finally, William Blair downgraded Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $95.67.

Insperity Stock Performance

NYSE NSP opened at $75.18 on Friday. The company has a market cap of $2.82 billion, a P/E ratio of 17.73, a PEG ratio of 2.24 and a beta of 1.11. The company has a fifty day simple moving average of $87.39 and a 200 day simple moving average of $94.05. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.60. Insperity, Inc. has a 12-month low of $74.32 and a 12-month high of $119.40.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company earned $0.33 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. Sell-side analysts predict that Insperity, Inc. will post 2.42 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity’s dividend payout ratio is currently 56.60%.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. 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.