Federated Hermes Inc. Sells 173 Shares of Insperity, Inc. (NYSE:NSP)

Federated Hermes Inc. cut its holdings in Insperity, Inc. (NYSE:NSP) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,693 shares of the business services provider’s stock after selling 173 shares during the period. Federated Hermes Inc.’s holdings in Insperity were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Sunriver Management LLC grew its stake in shares of Insperity by 23.4% in the 4th quarter. Sunriver Management LLC now owns 226,192 shares of the business services provider’s stock valued at $26,514,000 after buying an additional 42,869 shares during the period. Empowered Funds LLC acquired a new stake in shares of Insperity in the 1st quarter valued at about $1,956,000. ProShare Advisors LLC grew its stake in shares of Insperity by 10.5% in the 1st quarter. ProShare Advisors LLC now owns 80,514 shares of the business services provider’s stock valued at $8,825,000 after buying an additional 7,626 shares during the period. Vanguard Group Inc. grew its stake in shares of Insperity by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock valued at $428,696,000 after buying an additional 182,773 shares during the period. Finally, Norges Bank acquired a new stake in shares of Insperity in the 4th quarter valued at about $42,085,000. 93.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of Insperity stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the completion of the transaction, the chief executive officer now owns 509,129 shares in the company, valued at approximately $46,956,967.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.50% of the company’s stock.

Insperity Price Performance

NSP stock opened at $86.88 on Wednesday. The company has a market capitalization of $3.27 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.17 and a current ratio of 1.17. Insperity, Inc. has a 52-week low of $84.78 and a 52-week high of $119.40. The business has a 50-day simple moving average of $93.46 and a two-hundred day simple moving average of $97.75.

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

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 dividend on an annualized basis and a yield of 2.76%. Insperity’s dividend payout ratio (DPR) is currently 58.68%.

Wall Street Analyst Weigh In

Separately, William Blair downgraded Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday.

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.