Bank of America Corp DE Sells 79,214 Shares of Insperity, Inc. (NYSE:NSP)

Bank of America Corp DE lowered its position in Insperity, Inc. (NYSE:NSP) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,049,434 shares of the business services provider’s stock after selling 79,214 shares during the period. Bank of America Corp DE owned about 2.81% of Insperity worth $81,342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Value Holdings Management CO. LLC boosted its stake in Insperity by 4.2% in the 4th quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider’s stock worth $18,432,000 after purchasing an additional 9,600 shares during the period. Jones Financial Companies Lllp boosted its stake in 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 during the period. Reinhart Partners LLC. boosted its stake in Insperity by 8.3% in the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after purchasing an additional 89,809 shares during the period. JPMorgan Chase & Co. boosted its stake in Insperity by 16.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider’s stock worth $13,259,000 after purchasing an additional 21,325 shares during the period. Finally, Barclays PLC boosted its stake in Insperity by 129.7% in the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock worth $7,269,000 after purchasing an additional 46,625 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Insperity from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Truist Financial reduced their price objective on shares of Insperity from $82.00 to $70.00 and set a “hold” rating for the company in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.67.

Insperity Trading Down 0.6%

Insperity stock opened at $65.96 on Monday. The firm has a 50-day moving average of $81.71 and a 200-day moving average of $80.21. Insperity, Inc. has a one year low of $61.54 and a one year high of $106.69. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 27.37 and a beta of 0.55.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.44). Insperity had a return on equity of 72.22% and a net margin of 1.38%. The business had revenue of $310.00 million for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the company earned $2.27 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a $0.60 dividend. The ex-dividend date was Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.64%. Insperity’s payout ratio is 142.86%.

Insider Activity

In other news, CEO Paul J. Sarvadi sold 25,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total value of $2,108,000.00. Following the sale, the chief executive officer now directly owns 436,584 shares of the company’s stock, valued at approximately $36,812,762.88. This represents a 5.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen H. Masterson bought 1,755 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the completion of the acquisition, the director now owns 16,612 shares in the company, valued at $1,424,479. This trade represents a 11.81% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 45,203 shares of company stock valued at $3,542,968. 5.29% of the stock is 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.