Allspring Global Investments Holdings LLC Has $414,000 Position in Insperity, Inc. (NYSE:NSP)

Allspring Global Investments Holdings LLC reduced its holdings in Insperity, Inc. (NYSE:NSP) by 36.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,710 shares of the business services provider’s stock after selling 2,754 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Insperity were worth $414,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Mawer Investment Management Ltd. lifted its holdings in Insperity by 4.0% in the second quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider’s stock valued at $473,247,000 after buying an additional 197,309 shares during the period. Vanguard Group Inc. lifted its holdings in Insperity by 4.9% in the first 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. Earnest Partners LLC lifted its holdings in Insperity by 2.5% in the second quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider’s stock valued at $120,733,000 after buying an additional 32,542 shares during the period. Reinhart Partners LLC. raised its holdings in Insperity by 6.7% in the third quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider’s stock worth $95,219,000 after purchasing an additional 68,160 shares during the period. Finally, Sei Investments Co. raised its holdings in Insperity by 5.3% in the second quarter. Sei Investments Co. now owns 734,271 shares of the business services provider’s stock worth $66,973,000 after purchasing an additional 37,091 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. William Blair lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on shares of Insperity in a report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price on the stock. Finally, Truist Financial cut their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $95.67.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 509,129 shares of the company’s stock, valued at approximately $46,956,967.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.50% of the stock is owned by insiders.

Insperity Stock Down 4.6 %

Shares of NSP stock opened at $75.18 on Friday. The firm has a fifty day moving average of $87.39 and a 200-day moving average of $94.05. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.60. Insperity, Inc. has a 12-month low of $74.32 and a 12-month high of $119.40. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 2.24 and a beta of 1.11.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. As a group, equities research analysts predict that Insperity, Inc. will post 2.42 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Thursday, September 5th. Insperity’s dividend payout ratio is 56.60%.

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.