Insperity, Inc. $NSP Stock Holdings Decreased by Legal & General Group Plc

Legal & General Group Plc decreased its stake in shares of Insperity, Inc. (NYSE:NSP) by 23.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,354 shares of the business services provider’s stock after selling 17,852 shares during the period. Legal & General Group Plc’s holdings in Insperity were worth $3,568,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reinhart Partners LLC. raised its stake in Insperity by 20.4% during the second quarter. Reinhart Partners LLC. now owns 1,786,953 shares of the business services provider’s stock valued at $107,432,000 after buying an additional 302,893 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Insperity by 5.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,410,944 shares of the business services provider’s stock valued at $125,899,000 after acquiring an additional 78,888 shares in the last quarter. Earnest Partners LLC lifted its stake in Insperity by 3.3% during the first quarter. Earnest Partners LLC now owns 1,370,771 shares of the business services provider’s stock worth $122,314,000 after purchasing an additional 44,004 shares during the last quarter. Geode Capital Management LLC lifted its stake in Insperity by 1.3% during the second quarter. Geode Capital Management LLC now owns 1,030,548 shares of the business services provider’s stock worth $61,963,000 after purchasing an additional 13,266 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Insperity by 0.3% during the first quarter. Sei Investments Co. now owns 787,553 shares of the business services provider’s stock valued at $70,273,000 after purchasing an additional 2,419 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insperity Price Performance

Shares of NYSE:NSP opened at $35.09 on Friday. The firm’s 50 day moving average is $40.84 and its two-hundred day moving average is $51.55. The firm 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 current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 4.24. Insperity, Inc. has a 52 week low of $31.00 and a 52 week high of $95.98.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.42). Insperity had a return on equity of 12.53% and a net margin of 0.25%.The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same period last year, the company earned $0.39 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, December 9th. Insperity’s dividend payout ratio (DPR) is 521.74%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NSP shares. Wall Street Zen downgraded shares of Insperity from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Truist Financial cut their target price on shares of Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. Roth Capital restated a “buy” rating and issued a $71.00 target price on shares of Insperity in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Insperity in a research report on Monday, December 1st. Finally, JPMorgan Chase & Co. reduced their price objective on Insperity from $51.00 to $34.00 and set an “underweight” rating for the company 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $46.67.

Insiders Place Their Bets

In related news, Director Randall Mehl acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $34.25 per share, for a total transaction of $68,500.00. Following the completion of the purchase, the director directly owned 24,707 shares in the company, valued at $846,214.75. This trade represents a 8.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Paul J. Sarvadi sold 10,850 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $51.98, for a total transaction of $563,983.00. Following the completion of the transaction, the chief executive officer owned 428,001 shares of the company’s stock, valued at $22,247,491.98. This represents a 2.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.29% of the stock is currently owned by company insiders.

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.