Ensign Peak Advisors Inc Sells 67,857 Shares of Insperity, Inc. (NYSE:NSP)

Ensign Peak Advisors Inc lowered its position in Insperity, Inc. (NYSE:NSP) by 26.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 191,514 shares of the business services provider’s stock after selling 67,857 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Insperity were worth $14,844,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Covestor Ltd grew its holdings in Insperity by 12.6% during the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock worth $101,000 after acquiring an additional 146 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Insperity by 3.5% during the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock worth $483,000 after purchasing an additional 208 shares during the period. Assetmark Inc. grew its stake in shares of Insperity by 11.6% in the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock worth $158,000 after purchasing an additional 211 shares during the last quarter. Xponance Inc. increased its holdings in Insperity by 4.5% in the fourth quarter. Xponance Inc. now owns 5,080 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 220 shares during the period. Finally, UMB Bank n.a. increased its holdings in Insperity by 45.9% in the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 267 shares during the period. Institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a research report on Wednesday, April 30th. Truist Financial cut their price objective on Insperity from $82.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, Insperity currently has an average rating of “Hold” and a consensus price target of $89.67.

Insperity Price Performance

Shares of NYSE NSP opened at $65.96 on Monday. The company has a market capitalization of $2.48 billion, a PE ratio of 27.37 and a beta of 0.55. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. Insperity, Inc. has a twelve month low of $61.54 and a twelve month high of $106.69. The firm has a fifty day simple moving average of $81.71 and a 200 day simple moving average of $80.21.

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

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 yield of 3.64%. Insperity’s payout ratio is currently 142.86%.

Insider Buying and Selling at Insperity

In other news, CEO Paul J. Sarvadi sold 25,000 shares of Insperity stock in a transaction on 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 completion of the sale, the chief executive officer now owns 436,584 shares in the company, valued at $36,812,762.88. The trade was a 5.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total transaction of $508,080.00. Following the transaction, the chief operating officer now directly owns 72,551 shares in the company, valued at approximately $6,143,618.68. This represents a 7.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,203 shares of company stock valued at $3,542,968. 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.