Earnest Partners LLC Grows Holdings in Insperity, Inc. (NYSE:NSP)

Earnest Partners LLC lifted its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,326,767 shares of the business services provider's stock after acquiring an additional 47,730 shares during the period. Earnest Partners LLC owned approximately 3.56% of Insperity worth $102,838,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Covestor Ltd raised its position in Insperity by 12.6% during the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock valued at $101,000 after purchasing an additional 146 shares in the last quarter. LPL Financial LLC lifted its position in Insperity by 3.5% in the 4th quarter. LPL Financial LLC now owns 6,227 shares of the business services provider's stock worth $483,000 after buying an additional 208 shares during the last quarter. Assetmark Inc. boosted its stake in Insperity by 11.6% in the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider's stock worth $158,000 after buying an additional 211 shares in the last quarter. Xponance Inc. grew its position in Insperity by 4.5% during the fourth quarter. Xponance Inc. now owns 5,080 shares of the business services provider's stock valued at $394,000 after acquiring an additional 220 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Insperity by 45.9% during the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock worth $66,000 after acquiring an additional 267 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial reduced their target price on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday. StockNews.com lowered Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, Insperity currently has a consensus rating of "Hold" and an average target price of $89.67.

Insperity Trading Up 2.1 %

NSP traded up $1.36 during trading on Thursday, hitting $66.37. 774,440 shares of the stock traded hands, compared to its average volume of 345,711. The firm has a market capitalization of $2.50 billion, a P/E ratio of 27.54 and a beta of 0.67. Insperity, Inc. has a 12-month low of $61.54 and a 12-month high of $106.69. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a 50-day moving average of $84.66 and a 200 day moving average of $81.37.

Insperity (NYSE:NSP - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.44). Insperity had a return on equity of 72.22% and a net margin of 1.38%. The firm had revenue of $310.00 million for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. The business's revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.62%. Insperity's dividend payout ratio is presently 99.59%.

Insider Buying and Selling

In other news, COO Arthur A. Arizpe sold 6,000 shares of the firm's 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 completion of the sale, the chief operating officer now directly owns 72,551 shares of the company's stock, valued at approximately $6,143,618.68. This trade represents a 7.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ellen H. Masterson purchased 1,755 shares of Insperity stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the transaction, the director now directly owns 16,612 shares of the company's stock, valued at $1,424,479. This trade represents a 11.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.50% of the stock is currently owned by insiders.

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.