Yousif Capital Management LLC Reduces Holdings in Insperity, Inc. (NYSE:NSP)

Yousif Capital Management LLC lessened its position in shares of Insperity, Inc. (NYSE:NSP) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,601 shares of the business services provider’s stock after selling 592 shares during the period. Yousif Capital Management LLC’s holdings in Insperity were worth $977,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in Insperity during the 3rd quarter worth about $32,000. Millburn Ridgefield Corp purchased a new stake in Insperity during the 3rd quarter worth about $53,000. UMB Bank n.a. lifted its holdings in Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock worth $66,000 after purchasing an additional 267 shares in the last quarter. KBC Group NV lifted its holdings in Insperity by 26.4% during the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after purchasing an additional 216 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Insperity by 21.7% during the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Price Performance

Shares of NYSE NSP opened at $87.58 on Friday. The firm has a market capitalization of $3.26 billion, a P/E ratio of 27.80 and a beta of 1.13. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The stock’s 50-day simple moving average is $78.20 and its two-hundred day simple moving average is $83.59. Insperity, Inc. has a twelve month low of $68.79 and a twelve month high of $110.72.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.74%. Insperity’s dividend payout ratio (DPR) is presently 99.59%.

Insider Activity

In other news, CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the transaction, the chief executive officer now directly owns 436,584 shares in the company, valued at approximately $36,812,762.88. This represents a 5.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total value of $508,080.00. Following the transaction, the chief operating officer now owns 72,551 shares in the company, valued at $6,143,618.68. This trade represents a 7.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NSP. JPMorgan Chase & Co. began coverage on Insperity in a report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price objective on the stock. Truist Financial dropped their price objective on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $95.67.

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 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.