Creative Planning Sells 17,477 Shares of Insperity, Inc. $NSP

Creative Planning lowered its holdings in Insperity, Inc. (NYSE:NSP) by 69.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,602 shares of the business services provider’s stock after selling 17,477 shares during the period. Creative Planning’s holdings in Insperity were worth $457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Insperity in the 1st quarter valued at approximately $33,000. Geneos Wealth Management Inc. grew its position in shares of Insperity by 32.2% in the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 182 shares in the last quarter. Covestor Ltd raised its stake in shares of Insperity by 31.1% during the 1st quarter. Covestor Ltd now owns 1,707 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 405 shares during the period. Harbor Asset Planning Inc. purchased a new stake in Insperity during the 2nd quarter worth about $172,000. Finally, United Services Automobile Association bought a new position in Insperity in the 1st quarter worth about $202,000. 93.44% of the stock is owned by institutional investors.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 10,850 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $51.98, for a total transaction of $563,983.00. Following the transaction, the chief executive officer directly owned 428,001 shares in the company, valued at $22,247,491.98. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Randall Mehl acquired 1,000 shares of the stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of $33.88 per share, with a total value of $33,880.00. Following the completion of the acquisition, the director owned 25,707 shares in the company, valued at approximately $870,953.16. The trade was a 4.05% increase in their position. The SEC filing for this purchase provides additional information. 5.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NSP has been the topic of several analyst reports. Wall Street Zen cut Insperity from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Zacks Research lowered shares of Insperity from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Truist Financial cut their price target on shares of Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Insperity in a report on Monday. Finally, Roth Capital reiterated a “buy” rating and issued a $71.00 price objective on shares of Insperity in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $46.67.

Insperity Stock Performance

NYSE NSP opened at $35.09 on Friday. Insperity, Inc. has a 52-week low of $31.00 and a 52-week high of $95.98. The company has a fifty day moving average of $40.84 and a 200-day moving average of $51.68. The company has a market capitalization of $1.32 billion, a P/E ratio of 76.27 and a beta of 0.47. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.12 and a current ratio of 1.12.

Insperity (NYSE:NSP) last released its earnings results on Tuesday, November 4th. The business services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.42). Insperity had a net margin of 0.25% and a return on equity of 12.53%. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the company earned $0.39 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts predict that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be given a $0.60 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $2.40 dividend on an annualized basis and a yield of 6.8%. Insperity’s payout ratio is presently 521.74%.

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.