Yousif Capital Management LLC Has $1.09 Million Holdings in Insperity, Inc. (NYSE:NSP)

Yousif Capital Management LLC lessened its holdings in shares of Insperity, Inc. (NYSE:NSP) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,231 shares of the business services provider’s stock after selling 370 shares during the quarter. Yousif Capital Management LLC’s holdings in Insperity were worth $1,091,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its holdings in shares of Insperity by 493.2% during the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after acquiring an additional 291 shares during the period. Millennium Management LLC boosted its holdings in shares of Insperity by 28.4% during the fourth quarter. Millennium Management LLC now owns 51,097 shares of the business services provider’s stock worth $3,961,000 after acquiring an additional 11,289 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Insperity by 9.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,911 shares of the business services provider’s stock worth $226,000 after acquiring an additional 251 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Insperity by 27.0% during the fourth quarter. Bank of New York Mellon Corp now owns 448,602 shares of the business services provider’s stock worth $34,771,000 after acquiring an additional 95,495 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Insperity during the fourth quarter worth approximately $10,390,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Insperity from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Truist Financial cut their price target on Insperity from $82.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th.

Insperity Trading Down 0.9%

Shares of NSP stock opened at $60.16 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.66. The stock has a market cap of $2.26 billion, a P/E ratio of 35.81 and a beta of 0.51. The stock has a 50 day simple moving average of $69.28 and a 200 day simple moving average of $77.77. Insperity, Inc. has a 1 year low of $59.63 and a 1 year high of $104.90.

Insperity (NYSE:NSP) last released its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.44). Insperity had a return on equity of 52.17% and a net margin of 0.95%. The business had revenue of $310.00 million for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company 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 predict that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.99%. The ex-dividend date is Friday, June 6th. Insperity’s payout ratio is presently 142.86%.

Insiders Place Their Bets

In other news, CEO Paul J. Sarvadi sold 14,203 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $65.26, for a total transaction of $926,887.78. Following the completion of the transaction, the chief executive officer now directly owns 458,589 shares in the company, valued at approximately $29,927,518.14. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.29% of the company’s stock.

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.