Insperity, Inc. (NYSE:NSP) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its stake in Insperity, Inc. (NYSE:NSP) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,328 shares of the business services provider’s stock after selling 2,400 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of Insperity worth $3,866,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. River Road Asset Management LLC acquired a new position in shares of Insperity during the 4th quarter worth approximately $47,513,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Insperity during the 4th quarter worth approximately $39,231,000. Norges Bank acquired a new position in shares of Insperity during the 4th quarter worth approximately $31,587,000. First Trust Advisors LP raised its stake in shares of Insperity by 54.2% during the 4th quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider’s stock worth $83,299,000 after buying an additional 377,603 shares during the period. Finally, Reinhart Partners LLC. raised its stake in shares of Insperity by 26.6% during the 1st quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider’s stock worth $132,423,000 after buying an additional 312,217 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Insperity Stock Down 0.5%

Shares of NSP opened at $61.36 on Monday. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.13 and a current ratio of 1.13. Insperity, Inc. has a one year low of $57.87 and a one year high of $104.90. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 36.52 and a beta of 0.48. The stock has a 50 day moving average price of $64.37 and a 200 day moving average price of $75.94.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.57 EPS 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 firm had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, June 6th. Insperity’s payout ratio is 142.86%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NSP. Truist Financial reduced their target price on Insperity from $82.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. Wall Street Zen downgraded Insperity from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $65.26, for a total value of $926,887.78. Following the completion of the sale, the chief executive officer directly owned 458,589 shares in the company, valued at $29,927,518.14. This represents a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.50% of the company’s stock.

Insperity Profile

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.