AXQ Capital LP Invests $240,000 in Insperity, Inc. (NYSE:NSP)

AXQ Capital LP acquired a new position in Insperity, Inc. (NYSE:NSP – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,114 shares of the business services provider’s stock, valued at approximately $240,000.

A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Insperity by 10.5% in the 3rd quarter. BlackRock Inc. now owns 5,132,006 shares of the business services provider’s stock worth $523,927,000 after acquiring an additional 486,424 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Insperity by 0.7% in the 3rd quarter. Alliancebernstein L.P. now owns 1,181,007 shares of the business services provider’s stock worth $120,569,000 after acquiring an additional 8,385 shares during the last quarter. State Street Corp lifted its holdings in shares of Insperity by 1.6% in the 3rd quarter. State Street Corp now owns 1,119,138 shares of the business services provider’s stock worth $114,253,000 after acquiring an additional 17,272 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Insperity by 129.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 724,095 shares of the business services provider’s stock worth $72,714,000 after buying an additional 409,174 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Insperity by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 650,604 shares of the business services provider’s stock worth $73,909,000 after buying an additional 14,116 shares during the period. 90.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NSP has been the topic of several analyst reports. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of Insperity in a research note on Thursday, April 27th. 22nd Century Group reaffirmed a “maintains” rating on shares of Insperity in a research note on Thursday, April 27th. StockNews.com initiated coverage on shares of Insperity in a research note on Thursday, May 18th. They issued a “strong-buy” rating on the stock. Finally, Truist Financial downgraded shares of Insperity from a “buy” rating to a “hold” rating and set a $128.00 price objective on the stock. in a research report on Monday, April 24th. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Insperity presently has a consensus rating of “Buy” and an average price target of $133.50.

Insider Transactions at Insperity

In other news, CFO Douglas S. Sharp sold 5,159 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $123.78, for a total value of $638,581.02. Following the sale, the chief financial officer now directly owns 21,015 shares of the company’s stock, valued at approximately $2,601,236.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Richard G. Rawson sold 6,000 shares of the company’s 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 transaction, the director now owns 50,796 shares in the company, valued at approximately $6,611,099.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Douglas S. Sharp sold 5,159 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $123.78, for a total transaction of $638,581.02. Following the completion of the transaction, the chief financial officer now owns 21,015 shares in the company, valued at approximately $2,601,236.70. The disclosure for this sale can be found here. Insiders have sold 11,999 shares of company stock valued at $1,523,742 in the last three months. 5.61% of the stock is currently owned by company insiders.

Insperity Stock Down 1.1 %

NYSE:NSP opened at $110.47 on Friday. The firm’s 50-day moving average price is $118.49 and its 200-day moving average price is $117.14. The company has a market capitalization of $4.22 billion, a PE ratio of 20.88, a P/E/G ratio of 1.55 and a beta of 1.24. The company has a debt-to-equity ratio of 2.77, a current ratio of 1.17 and a quick ratio of 1.17. Insperity, Inc. has a 1-year low of $87.74 and a 1-year high of $131.09.

Insperity Increases Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, June 7th. This is an increase from Insperity’s previous quarterly dividend of $0.52. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.06%. Insperity’s dividend payout ratio is currently 39.32%.

Insperity Company 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.