Bank of America Corp DE Reduces Holdings in Insperity, Inc. (NYSE:NSP)

Bank of America Corp DE decreased its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,049,434 shares of the business services provider's stock after selling 79,214 shares during the quarter. Bank of America Corp DE owned 2.81% of Insperity worth $81,342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in shares of Insperity by 493.2% in the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock worth $27,000 after buying an additional 291 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Insperity in the third quarter worth approximately $32,000. UMB Bank n.a. boosted its holdings in shares of Insperity by 45.9% in the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock worth $66,000 after buying an additional 267 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Insperity in the fourth quarter worth approximately $87,000. Finally, Covestor Ltd boosted its holdings in shares of Insperity by 12.6% in the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock worth $101,000 after buying an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $65.26, for a total value of $926,887.78. Following the completion of the transaction, the chief executive officer now directly owns 458,589 shares of the company's stock, valued at approximately $29,927,518.14. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.29% of the company's stock.

Insperity Stock Performance

NYSE NSP traded up $0.73 on Friday, reaching $71.70. 422,392 shares of the stock were exchanged, compared to its average volume of 361,051. The firm has a market capitalization of $2.70 billion, a PE ratio of 29.75 and a beta of 0.55. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. Insperity, Inc. has a one year low of $61.54 and a one year high of $105.01. The company's 50-day simple moving average is $79.79 and its two-hundred day simple moving average is $79.86.

Insperity (NYSE:NSP - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.44). The company had revenue of $310.00 million for the quarter, compared to the consensus estimate of $1.87 billion. Insperity had a net margin of 1.38% and a return on equity of 72.22%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 EPS. Analysts expect that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Thursday, March 13th. Insperity's payout ratio is currently 142.86%.

Analyst Ratings Changes

NSP has been the topic of a number of research reports. Truist Financial dropped their price objective on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. StockNews.com cut shares of Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $89.67.

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.