Bank of New York Mellon Corp Decreases Holdings in Insperity, Inc. (NYSE:NSP)

Bank of New York Mellon Corp cut its stake in shares of Insperity, Inc. (NYSE:NSP) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 434,885 shares of the business services provider’s stock after selling 13,717 shares during the period. Bank of New York Mellon Corp owned about 1.16% of Insperity worth $38,805,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NSP. Private Trust Co. NA increased its stake in shares of Insperity by 279.1% in the 1st quarter. Private Trust Co. NA now owns 326 shares of the business services provider’s stock worth $29,000 after purchasing an additional 240 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after purchasing an additional 291 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Insperity by 56.0% in the 1st quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider’s stock worth $63,000 after purchasing an additional 253 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Insperity in the 4th quarter worth $87,000. Finally, UMB Bank n.a. increased its stake in shares of Insperity by 37.6% in the 1st quarter. UMB Bank n.a. now owns 1,168 shares of the business services provider’s stock worth $104,000 after purchasing an additional 319 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NSP shares. Truist Financial reduced their price objective 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 shares of Insperity from a “buy” rating to a “hold” rating in a report on Wednesday, April 30th.

Insperity Trading Up 0.1%

Shares of Insperity stock opened at $58.51 on Tuesday. The company has a market capitalization of $2.20 billion, a P/E ratio of 34.83 and a beta of 0.48. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.13 and a current ratio of 1.13. The company has a fifty day moving average of $63.39 and a 200 day moving average of $75.24. Insperity, Inc. has a fifty-two week low of $57.59 and a fifty-two week high of $104.90.

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 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 during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the company posted $2.27 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, June 6th. Insperity’s dividend payout ratio (DPR) is presently 142.86%.

Insider Activity at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $65.26, for a total value of $926,887.78. Following the completion of the transaction, the chief executive officer owned 458,589 shares of the company’s stock, valued at approximately $29,927,518.14. This trade represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.29% of the stock is owned by company insiders.

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.