PNC Financial Services Group Inc. Sells 1,011 Shares of Insperity, Inc. (NYSE:NSP)

PNC Financial Services Group Inc. cut its position in Insperity, Inc. (NYSE:NSP) by 19.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,215 shares of the business services provider’s stock after selling 1,011 shares during the period. PNC Financial Services Group Inc.’s holdings in Insperity were worth $376,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NSP. T. Rowe Price Investment Management Inc. acquired a new position in shares of Insperity in the 4th quarter worth approximately $39,231,000. First Trust Advisors LP increased its holdings in 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 valued at $83,299,000 after purchasing an additional 377,603 shares in the last quarter. Reinhart Partners LLC. increased its holdings in Insperity by 26.6% during the 1st quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider’s stock valued at $132,423,000 after purchasing an additional 312,217 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Insperity during the 4th quarter valued at $17,521,000. Finally, GAMMA Investing LLC increased its holdings in Insperity by 55,588.0% during the 1st quarter. GAMMA Investing LLC now owns 138,663 shares of the business services provider’s stock valued at $123,730,000 after purchasing an additional 138,414 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NSP. Wall Street Zen cut Insperity from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Truist Financial dropped their price target on Insperity from $70.00 to $50.00 and set a “hold” rating for the company in a report on Monday, August 4th. Roth Capital dropped their target price on shares of Insperity from $85.00 to $74.00 and set a “buy” rating for the company in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Insperity from $68.00 to $51.00 and set an “underweight” rating for the company in a research note on Monday, August 4th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Insperity currently has a consensus rating of “Hold” and an average price target of $58.33.

Insperity Trading Down 0.6%

NSP stock opened at $52.31 on Friday. The company has a market cap of $1.97 billion, a P/E ratio of 49.35 and a beta of 0.47. Insperity, Inc. has a twelve month low of $44.14 and a twelve month high of $95.98. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.29. The business has a fifty day moving average of $58.14 and a 200-day moving average of $71.76.

Insperity (NYSE:NSP) last released its earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.15). Insperity had a return on equity of 35.32% and a net margin of 0.60%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts expect that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, June 6th. Insperity’s dividend payout ratio is currently 226.42%.

Insiders Place Their Bets

In other Insperity news, EVP James D. Allison acquired 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average cost of $46.82 per share, for a total transaction of $187,280.00. Following the completion of the acquisition, the executive vice president directly owned 64,517 shares of the company’s stock, valued at approximately $3,020,685.94. This represents a 6.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Randall Mehl acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average price of $45.05 per share, for a total transaction of $90,100.00. Following the completion of the acquisition, the director directly owned 22,707 shares of the company’s stock, valued at $1,022,950.35. This trade represents a 9.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 20,194 shares of company stock valued at $925,981 over the last three months. 5.29% of the stock is owned by insiders.

Insperity Company 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.