Insperity, Inc. (NYSE:NSP) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its holdings in shares of Insperity, Inc. (NYSE:NSP) by 2.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 40,556 shares of the business services provider’s stock after selling 1,033 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Insperity were worth $3,143,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Covestor Ltd grew its position in Insperity by 12.6% in the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock valued at $101,000 after buying an additional 146 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Insperity by 3.5% in the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 208 shares in the last quarter. Assetmark Inc. increased its stake in shares of Insperity by 11.6% during the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 211 shares during the period. Xponance Inc. raised its holdings in Insperity by 4.5% during the fourth quarter. Xponance Inc. now owns 5,080 shares of the business services provider’s stock worth $394,000 after purchasing an additional 220 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Insperity by 45.9% in the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock worth $66,000 after purchasing an additional 267 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the sale, the chief executive officer now owns 436,584 shares in the company, valued at $36,812,762.88. This represents a 5.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen H. Masterson purchased 1,755 shares of the stock in a transaction dated Wednesday, February 12th. The shares were acquired at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the acquisition, the director now directly owns 16,612 shares of the company’s stock, valued at $1,424,479. This represents a 11.81 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 45,203 shares of company stock worth $3,542,968 over the last 90 days. 5.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Truist Financial lowered their target price on Insperity from $82.00 to $70.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $89.67.

Insperity Price Performance

NYSE NSP opened at $65.96 on Friday. Insperity, Inc. has a 1 year low of $61.54 and a 1 year high of $106.69. The business’s fifty day moving average is $81.71 and its two-hundred day moving average is $80.30. The stock has a market capitalization of $2.48 billion, a P/E ratio of 27.37 and a beta of 0.55. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08.

Insperity (NYSE:NSP) last announced its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.44). Insperity had a return on equity of 72.22% and a net margin of 1.38%. The company had revenue of $310.00 million for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the firm earned $2.27 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, research analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity’s dividend payout ratio (DPR) is currently 142.86%.

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.