Harbor Capital Advisors Inc. Acquires 43,597 Shares of Insperity, Inc. (NYSE:NSP)

Harbor Capital Advisors Inc. increased its stake in Insperity, Inc. (NYSE:NSP) by 69.9% during the third quarter, according to its most recent filing with the SEC. The fund 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.’s holdings in Insperity were worth $9,324,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NSP. Retirement Systems of Alabama boosted its stake in Insperity by 0.3% in the first quarter. Retirement Systems of Alabama now owns 44,484 shares of the business services provider’s stock valued at $4,876,000 after acquiring an additional 126 shares during the last quarter. Andina Capital Management LLC raised its holdings in shares of Insperity by 5.4% in the 2nd quarter. Andina Capital Management LLC now owns 2,736 shares of the business services provider’s stock worth $250,000 after purchasing an additional 140 shares during the period. Grandeur Peak Global Advisors LLC lifted its stake in Insperity by 0.3% in the first quarter. Grandeur Peak Global Advisors LLC now owns 43,984 shares of the business services provider’s stock valued at $4,821,000 after purchasing an additional 146 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Insperity by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider’s stock valued at $3,929,000 after purchasing an additional 150 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Insperity by 1.9% in the second quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider’s stock worth $905,000 after buying an additional 185 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Activity

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total value of $1,487,024.29. Following the sale, the chief executive officer now directly owns 509,129 shares in the company, valued at $46,956,967.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Insperity Trading Down 4.6 %

NYSE:NSP opened at $75.18 on Friday. Insperity, Inc. has a 1 year low of $74.32 and a 1 year high of $119.40. The stock’s fifty day moving average price is $87.39 and its two-hundred day moving average price is $94.05. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $2.82 billion, a P/E ratio of 17.73, a P/E/G ratio of 2.24 and a beta of 1.11.

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, topping analysts’ consensus estimates of $0.72 by $0.14. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, analysts expect that Insperity, Inc. will post 2.42 EPS for the current year.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Thursday, September 5th. Insperity’s payout ratio is 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.