Bank of New York Mellon Corp Reduces Position in Insperity, Inc. (NYSE:NSP)

Bank of New York Mellon Corp trimmed its position in Insperity, Inc. (NYSE:NSP - Free Report) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 434,885 shares of the business services provider's stock after selling 13,717 shares during the quarter. Bank of New York Mellon Corp owned 1.16% of Insperity worth $38,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NSP. Jones Financial Companies Lllp lifted its stake in 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 acquiring an additional 291 shares during the period. GAMMA Investing LLC raised its holdings in shares of Insperity by 524.1% in the 1st quarter. GAMMA Investing LLC now owns 1,554 shares of the business services provider's stock valued at $139,000 after purchasing an additional 1,305 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Insperity by 28.4% in the 4th quarter. Millennium Management LLC now owns 51,097 shares of the business services provider's stock valued at $3,961,000 after purchasing an additional 11,289 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Insperity by 9.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,911 shares of the business services provider's stock worth $226,000 after purchasing an additional 251 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Insperity during the fourth quarter valued at approximately $10,390,000. Institutional investors own 93.44% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insperity Stock Up 1.5%

Shares of NSP stock traded up $0.84 during mid-day trading on Thursday, hitting $57.71. 457,524 shares of the stock traded hands, compared to its average volume of 403,208. Insperity, Inc. has a 52-week low of $55.69 and a 52-week high of $104.90. The stock has a market cap of $2.17 billion, a P/E ratio of 34.35 and a beta of 0.48. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.13 and a quick ratio of 1.13. The stock's fifty day moving average is $63.07 and its two-hundred day moving average is $74.99.

Insperity (NYSE:NSP - Get Free Report) last posted its quarterly earnings data 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 52.17% and a net margin of 0.95%. The firm had revenue of $310.00 million for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm earned $2.27 EPS. The company's revenue was up 3.4% compared to the same quarter last year. Equities analysts predict 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 Friday, June 20th. Investors of record on Friday, June 6th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.40 annualized dividend and a yield of 4.16%. Insperity's dividend payout ratio (DPR) is 142.86%.

Insider Transactions at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the firm's stock in a transaction dated 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 owned 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.29% of the stock is owned by corporate insiders.

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.