Vest Financial LLC Sells 15,041 Shares of Insperity, Inc. (NYSE:NSP)

Vest Financial LLC lessened its holdings in Insperity, Inc. (NYSE:NSP) by 47.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,510 shares of the business services provider’s stock after selling 15,041 shares during the quarter. Vest Financial LLC’s holdings in Insperity were worth $1,473,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Covestor Ltd raised 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 purchasing an additional 146 shares during the last quarter. Snowden Capital Advisors LLC grew its position in Insperity by 6.0% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 186 shares during the period. LPL Financial LLC boosted its holdings in Insperity by 3.5% during the 4th quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock worth $483,000 after acquiring an additional 208 shares during the last quarter. Assetmark Inc. boosted its holdings in Insperity by 11.6% during the 4th quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock worth $158,000 after acquiring an additional 211 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in Insperity by 4.5% during the 4th quarter. Xponance Inc. now owns 5,080 shares of the business services provider’s stock worth $394,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insperity Stock Down 1.4%

NSP stock opened at $62.70 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. The company’s 50 day moving average is $72.85 and its 200 day moving average is $78.68. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 26.02 and a beta of 0.51. Insperity, Inc. has a 1-year low of $61.54 and a 1-year high of $104.90.

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

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Friday, June 6th. Insperity’s dividend payout ratio (DPR) is presently 142.86%.

Wall Street Analyst Weigh In

NSP has been the topic of a number of research analyst reports. Truist Financial dropped their target price on shares of Insperity from $82.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen cut Insperity from a “buy” rating to a “hold” rating in a research report on Wednesday, April 30th.

Insider Activity at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was 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 owns 458,589 shares in the company, valued at $29,927,518.14. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.29% of the stock is owned by corporate 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.