Ameriprise Financial Inc. Sells 29,963 Shares of Insperity, Inc. (NYSE:NSP)

Ameriprise Financial Inc. trimmed its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 31.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,165 shares of the business services provider's stock after selling 29,963 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.17% of Insperity worth $4,973,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Insperity by 129.7% during the third quarter. Barclays PLC now owns 82,580 shares of the business services provider's stock worth $7,269,000 after acquiring an additional 46,625 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Insperity in the 4th quarter worth $485,000. UMB Bank n.a. boosted its holdings in shares of Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock valued at $66,000 after purchasing an additional 267 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Insperity by 38.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,304 shares of the business services provider's stock valued at $954,000 after purchasing an additional 3,420 shares in the last quarter. Finally, Inspire Investing LLC grew its position in shares of Insperity by 10.9% during the fourth quarter. Inspire Investing LLC now owns 5,169 shares of the business services provider's stock valued at $401,000 after purchasing an additional 509 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $65.26, for a total transaction of $926,887.78. Following the transaction, the chief executive officer now owns 458,589 shares in the company, valued at $29,927,518.14. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.50% of the stock is currently owned by insiders.

Insperity Price Performance

Shares of NYSE:NSP traded up $0.16 on Tuesday, reaching $65.23. The company's stock had a trading volume of 515,534 shares, compared to its average volume of 369,416. The company has a 50-day simple moving average of $77.25 and a 200 day simple moving average of $79.41. Insperity, Inc. has a 52-week low of $61.54 and a 52-week high of $104.90. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $2.45 billion, a P/E ratio of 27.07 and a beta of 0.55.

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

Insperity Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Friday, June 6th. Insperity's dividend payout ratio is currently 142.86%.

Analyst Upgrades and Downgrades

NSP has been the topic of a number of research analyst reports. Truist Financial decreased their target price on Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen cut Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

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.