Allspring Global Investments Holdings LLC Sells 619 Shares of Insperity, Inc. (NYSE:NSP)

Allspring Global Investments Holdings LLC trimmed its position in Insperity, Inc. (NYSE:NSP) by 13.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,101 shares of the business services provider’s stock after selling 619 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Insperity were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NSP. T. Rowe Price Investment Management Inc. bought a new position in Insperity in the fourth quarter valued at approximately $39,231,000. Norges Bank bought a new position in Insperity in the fourth quarter valued at approximately $31,587,000. First Trust Advisors LP increased its stake in Insperity by 54.2% in the fourth quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider’s stock valued at $83,299,000 after acquiring an additional 377,603 shares during the last quarter. Reinhart Partners LLC. increased its stake in Insperity by 26.6% in the first quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider’s stock valued at $132,423,000 after acquiring an additional 312,217 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Insperity in the fourth quarter valued at approximately $17,521,000. 93.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of Insperity from $82.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen cut shares of Insperity from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th.

Insperity Stock Performance

Shares of Insperity stock opened at $60.49 on Friday. Insperity, Inc. has a fifty-two week low of $57.87 and a fifty-two week high of $104.90. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $2.28 billion, a P/E ratio of 36.01 and a beta of 0.48. The company’s 50 day moving average price is $63.68 and its two-hundred day moving average price is $75.52.

Insperity (NYSE:NSP) last issued its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.44). Insperity had a net margin of 0.95% and a return on equity of 52.17%. The company had revenue of $310.00 million during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business earned $2.27 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.97%. Insperity’s dividend payout ratio (DPR) is presently 142.86%.

Insider Activity at Insperity

In other news, CEO Paul J. Sarvadi sold 14,203 shares of Insperity 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 transaction, the chief executive officer owned 458,589 shares in the company, valued at approximately $29,927,518.14. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.29% 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.