Arizona State Retirement System trimmed its stake in shares of Insperity, Inc. (NYSE:NSP – Free Report) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,100 shares of the business services provider’s stock after selling 342 shares during the period. Arizona State Retirement System’s holdings in Insperity were worth $1,201,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in NSP. Quarry LP raised its holdings in shares of Insperity by 113.1% during the first quarter. Quarry LP now owns 503 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 267 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of Insperity by 138.6% during the first quarter. Ronald Blue Trust Inc. now owns 594 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 345 shares during the last quarter. Toronto Dominion Bank purchased a new position in shares of Insperity during the first quarter valued at approximately $96,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Insperity during the first quarter valued at approximately $119,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Insperity during the first quarter valued at approximately $124,000. 91.05% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director John M. Morphy sold 1,500 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $98.24, for a total transaction of $147,360.00. Following the completion of the transaction, the director now owns 9,115 shares in the company, valued at $895,457.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director John M. Morphy sold 1,500 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $98.24, for a total transaction of $147,360.00. Following the completion of the transaction, the director now owns 9,115 shares in the company, valued at $895,457.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paul J. Sarvadi sold 18,950 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now 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 company insiders.
Insperity Stock Down 2.6 %
Insperity (NYSE:NSP – Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Insperity had a return on equity of 180.77% and a net margin of 2.92%. On average, research analysts expect that Insperity, Inc. will post 3.74 earnings per share for the current year.
Insperity Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a $0.57 dividend. The ex-dividend date was Thursday, September 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.39%. Insperity’s dividend payout ratio (DPR) is presently 48.00%.
Wall Street Analyst Weigh In
NSP has been the subject of several research reports. Truist Financial decreased their price objective on shares of Insperity from $128.00 to $110.00 and set a “hold” rating for the company in a report on Wednesday, August 2nd. StockNews.com assumed coverage on shares of Insperity in a report on Thursday, October 5th. They set a “hold” rating for the company.
Read Our Latest Research Report on Insperity
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.
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