Insperity, Inc. (NYSE:NSP) Shares Sold by Profit Investment Management LLC

Profit Investment Management LLC reduced its stake in Insperity, Inc. (NYSE:NSP) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,960 shares of the business services provider’s stock after selling 5,448 shares during the period. Insperity accounts for approximately 3.0% of Profit Investment Management LLC’s holdings, making the stock its 9th biggest position. Profit Investment Management LLC owned approximately 0.10% of Insperity worth $4,635,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. AE Wealth Management LLC lifted its stake in shares of Insperity by 22.4% in the 2nd quarter. AE Wealth Management LLC now owns 2,930 shares of the business services provider’s stock worth $349,000 after acquiring an additional 536 shares during the period. Fulcrum Equity Management acquired a new stake in shares of Insperity in the 2nd quarter worth approximately $367,000. Prelude Capital Management LLC acquired a new stake in shares of Insperity in the 1st quarter worth approximately $231,000. Putnam Investments LLC bought a new stake in shares of Insperity in the 1st quarter worth approximately $363,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Insperity by 13.9% in the 1st quarter. JPMorgan Chase & Co. now owns 210,125 shares of the business services provider’s stock worth $25,541,000 after purchasing an additional 25,674 shares in the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

Insperity Stock Up 0.1 %

NSP stock opened at $98.16 on Friday. Insperity, Inc. has a 52-week low of $93.88 and a 52-week high of $131.09. The company’s 50 day simple moving average is $105.24 and its 200-day simple moving average is $114.04. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $3.74 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.72 and a beta of 1.22.

Insperity (NYSE:NSP) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.56). Insperity had a net margin of 2.92% and a return on equity of 180.77%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.54 billion. As a group, equities research analysts anticipate that Insperity, Inc. will post 3.74 EPS for the current year.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, September 7th. Insperity’s payout ratio is presently 48.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NSP. StockNews.com began coverage on shares of Insperity in a report on Friday, August 18th. They issued a “hold” rating on the stock. Robert W. Baird dropped their target price on shares of Insperity from $131.00 to $120.00 in a report on Tuesday, May 30th. Truist Financial dropped their target price on shares of Insperity from $128.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, August 2nd. Finally, 51job restated a “reiterates” rating on shares of Insperity in a report on Thursday, June 15th.

Insider Activity at Insperity

In related news, CEO Paul J. Sarvadi sold 18,950 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $101.33, for a total transaction of $1,920,203.50. Following the transaction, the chief executive officer now directly owns 519,036 shares of the company’s stock, valued at $52,593,917.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Insperity news, Director John M. Morphy sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $98.24, for a total value of $147,360.00. Following the completion of the sale, the director now directly owns 9,115 shares of the company’s stock, valued at $895,457.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paul J. Sarvadi sold 18,950 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $101.33, for a total transaction of $1,920,203.50. Following the completion of the sale, the chief executive officer now directly owns 519,036 shares of the company’s stock, valued at $52,593,917.88. The disclosure for this sale can be found here. 5.61% of the stock is currently owned by 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. 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.