Northwest Investment Counselors LLC Sells 360 Shares of Insperity, Inc. (NYSE:NSP)

Northwest Investment Counselors LLC lowered its stake in shares of Insperity, Inc. (NYSE:NSP) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,634 shares of the business services provider’s stock after selling 360 shares during the quarter. Northwest Investment Counselors LLC owned approximately 0.05% of Insperity worth $2,336,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its position in Insperity by 3.5% in the first quarter. State Street Corp now owns 1,185,248 shares of the business services provider’s stock worth $144,067,000 after buying an additional 39,942 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Insperity by 9.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,756 shares of the business services provider’s stock worth $104,030,000 after purchasing an additional 76,173 shares during the period. Geode Capital Management LLC boosted its position in Insperity by 13.5% during the first quarter. Geode Capital Management LLC now owns 806,659 shares of the business services provider’s stock worth $98,049,000 after purchasing an additional 95,736 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Insperity by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 665,706 shares of the business services provider’s stock worth $80,913,000 after purchasing an additional 15,102 shares in the last quarter. Finally, Copeland Capital Management LLC raised its position in shares of Insperity by 6.0% in the first quarter. Copeland Capital Management LLC now owns 600,264 shares of the business services provider’s stock valued at $72,962,000 after purchasing an additional 33,811 shares during the period. Hedge funds and other institutional investors own 91.05% of the company’s stock.

Insider Activity at Insperity

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

Insperity Price Performance

Insperity stock traded up $0.12 during midday trading on Friday, hitting $98.16. 487,984 shares of the company’s stock were exchanged, compared to its average volume of 256,264. The company has a market cap of $3.74 billion, a P/E ratio of 20.67, a PEG ratio of 1.72 and a beta of 1.22. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a 50-day moving average price of $105.24 and a two-hundred day moving average price of $114.04. Insperity, Inc. has a 52-week low of $93.88 and a 52-week high of $131.09.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.56). Insperity had a net margin of 2.92% and a return on equity of 180.77%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.54 billion. On average, equities research analysts forecast that Insperity, Inc. will post 3.74 earnings per share for the current year.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.57 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.32%. Insperity’s dividend payout ratio (DPR) is 48.00%.

Wall Street Analysts Forecast Growth

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

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. 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.