Ameriprise Financial Inc. Has $4.97 Million Holdings in Insperity, Inc. (NYSE:NSP)

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

A number of other hedge funds also recently modified their holdings of the business. River Road Asset Management LLC acquired a new stake in Insperity in the 4th quarter valued at approximately $47,513,000. T. Rowe Price Investment Management Inc. acquired a new stake in Insperity in the 4th quarter valued at approximately $39,231,000. Norges Bank acquired a new stake in Insperity in the 4th quarter valued at approximately $31,587,000. First Trust Advisors LP raised its position in Insperity by 54.2% in the 4th quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock valued at $83,299,000 after buying an additional 377,603 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Insperity by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider's stock valued at $310,686,000 after buying an additional 167,560 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analyst Ratings Changes

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

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $65.26, for a total value of $926,887.78. Following the completion of the sale, the chief executive officer now directly owns 458,589 shares in the company, valued at $29,927,518.14. The trade was a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Insperity Stock Up 1.4%

NSP stock traded up $0.92 during mid-day trading on Thursday, reaching $65.14. The company had a trading volume of 355,159 shares, compared to its average volume of 371,135. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. Insperity, Inc. has a 52 week low of $61.54 and a 52 week high of $104.90. The stock has a 50 day simple moving average of $75.89 and a two-hundred day simple moving average of $79.10. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 27.03 and a beta of 0.55.

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

Insperity Dividend Announcement

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

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.