Insperity, Inc. (NYSE:NSP) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its position in Insperity, Inc. (NYSE:NSP) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,813 shares of the business services provider’s stock after selling 114 shares during the quarter. Truist Financial Corp’s holdings in Insperity were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its position in Insperity by 17.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 167,154 shares of the business services provider’s stock valued at $19,594,000 after acquiring an additional 24,441 shares during the period. HighPoint Advisor Group LLC acquired a new position in shares of Insperity during the fourth quarter valued at $233,000. Hennessy Advisors Inc. raised its stake in shares of Insperity by 44.2% during the first quarter. Hennessy Advisors Inc. now owns 37,500 shares of the business services provider’s stock valued at $4,110,000 after purchasing an additional 11,500 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Insperity by 13.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,705 shares of the business services provider’s stock worth $845,000 after purchasing an additional 906 shares during the period. Finally, State of Michigan Retirement System grew its position in Insperity by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 8,650 shares of the business services provider’s stock valued at $948,000 after buying an additional 200 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Insperity Stock Down 1.3 %

Shares of NSP stock opened at $87.74 on Friday. Insperity, Inc. has a 1 year low of $84.25 and a 1 year high of $119.40. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.17 and a current ratio of 1.17. The business’s fifty day moving average is $89.44 and its 200-day moving average is $95.80. The stock has a market cap of $3.30 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11.

Insperity (NYSE:NSP) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter last year, the business posted $0.33 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Equities analysts expect that Insperity, Inc. will post 2.43 earnings per share for the current fiscal year.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity’s dividend payout ratio is presently 58.68%.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of Insperity stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total value of $1,487,024.29. Following the transaction, the chief executive officer now owns 509,129 shares in the company, valued at approximately $46,956,967.67. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, William Blair downgraded shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th.

Insperity Company 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.