Logan Capital Management Inc. Trims Stock Position in Insperity, Inc. (NYSE:NSP)

Logan Capital Management Inc. trimmed its stake in Insperity, Inc. (NYSE:NSP) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,277 shares of the business services provider’s stock after selling 7,673 shares during the period. Logan Capital Management Inc.’s holdings in Insperity were worth $4,827,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. LRI Investments LLC boosted its stake in Insperity by 624.4% in the fourth quarter. LRI Investments LLC now owns 2,883 shares of the business services provider’s stock valued at $223,000 after acquiring an additional 2,485 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Insperity by 6.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 502,326 shares of the business services provider’s stock valued at $38,935,000 after purchasing an additional 28,623 shares during the period. D. E. Shaw & Co. Inc. grew its stake in Insperity by 7.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 81,398 shares of the business services provider’s stock worth $6,309,000 after buying an additional 5,951 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in Insperity during the 4th quarter worth approximately $490,000. Finally, Balyasny Asset Management L.P. acquired a new position in Insperity during the fourth quarter worth approximately $784,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insperity Stock Up 4.8%

NSP opened at $69.06 on Tuesday. Insperity, Inc. has a 52 week low of $61.54 and a 52 week high of $106.69. The business has a 50 day moving average price of $81.37 and a two-hundred day moving average price of $80.15. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The company has a market cap of $2.60 billion, a PE ratio of 28.66 and a beta of 0.55.

Insperity (NYSE:NSP) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.57 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.44). Insperity had a return on equity of 72.22% and a net margin of 1.38%. The company had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company earned $2.27 EPS. Insperity’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

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. This represents a $2.40 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity’s payout ratio is 142.86%.

Wall Street Analysts Forecast Growth

NSP has been the subject of several research analyst reports. StockNews.com downgraded Insperity from a “buy” rating to a “hold” rating in a report on Wednesday, April 30th. Truist Financial decreased their price target 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 stock. Based on data from MarketBeat, Insperity currently has an average rating of “Hold” and a consensus target price of $89.67.

Insider Activity

In related news, Director Ellen H. Masterson acquired 1,755 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were purchased at an average price of $85.75 per share, with a total value of $150,491.25. Following the completion of the acquisition, the director now owns 16,612 shares in the company, valued at approximately $1,424,479. This represents a 11.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paul J. Sarvadi sold 14,203 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $65.26, for a total transaction of $926,887.78. Following the completion of the transaction, the chief executive officer now directly owns 458,589 shares of the company’s stock, valued at approximately $29,927,518.14. This trade represents a 3.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.29% of the company’s stock.

Insperity 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.