Captrust Financial Advisors Cuts Stock Holdings in Insperity, Inc. (NYSE:NSP)

Captrust Financial Advisors decreased its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 77.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,763 shares of the business services provider's stock after selling 9,708 shares during the quarter. Captrust Financial Advisors' holdings in Insperity were worth $214,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NSP. Covestor Ltd raised its stake in Insperity by 12.6% in the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock valued at $101,000 after buying an additional 146 shares during the last quarter. LPL Financial LLC raised its position in shares of Insperity by 3.5% in the 4th quarter. LPL Financial LLC now owns 6,227 shares of the business services provider's stock valued at $483,000 after purchasing an additional 208 shares during the last quarter. Assetmark Inc. boosted its stake in Insperity by 11.6% in the 4th quarter. Assetmark Inc. now owns 2,032 shares of the business services provider's stock worth $158,000 after purchasing an additional 211 shares in the last quarter. Xponance Inc. grew its position in Insperity by 4.5% during the 4th quarter. Xponance Inc. now owns 5,080 shares of the business services provider's stock worth $394,000 after purchasing an additional 220 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in 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 in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on NSP. Truist Financial lowered 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 lowered Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th.

Insperity Stock Performance

NYSE:NSP traded down $0.60 during midday trading on Wednesday, hitting $64.58. The company's stock had a trading volume of 46,233 shares, compared to its average volume of 490,382. Insperity, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $104.90. The firm's 50 day moving average is $76.81 and its 200-day moving average is $79.31. 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 market cap of $2.43 billion, a P/E ratio of 26.79 and a beta of 0.55.

Insperity (NYSE:NSP - Get Free Report) last released 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 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 analysts' expectations of $1.87 billion. During the same period last year, the company earned $2.27 earnings per share. The firm's revenue was up 3.4% on a year-over-year basis. Equities analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.40 annualized dividend and a dividend yield of 3.72%. Insperity's dividend payout ratio (DPR) is presently 142.86%.

Insider Buying and Selling

In related 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 value of $926,887.78. Following the completion of the sale, the chief executive officer now owns 458,589 shares of the company's stock, valued at approximately $29,927,518.14. The trade was a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.50% of the stock is owned by corporate insiders.

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.