Deutsche Bank AG Cuts Holdings in Insperity, Inc. (NYSE:NSP)

Deutsche Bank AG trimmed its position in Insperity, Inc. (NYSE:NSP - Free Report) by 58.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,421 shares of the business services provider's stock after selling 45,101 shares during the quarter. Deutsche Bank AG owned 0.09% of Insperity worth $2,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. raised its stake in shares of Insperity by 7.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 81,398 shares of the business services provider's stock valued at $6,309,000 after acquiring an additional 5,951 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in Insperity in the 4th quarter worth approximately $490,000. Balyasny Asset Management L.P. purchased a new stake in Insperity in the 4th quarter worth approximately $784,000. BNP Paribas Financial Markets lifted its holdings in Insperity by 53.2% in the 4th quarter. BNP Paribas Financial Markets now owns 72,757 shares of the business services provider's stock worth $5,639,000 after buying an additional 25,280 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Insperity by 51.9% in the 4th quarter. Jane Street Group LLC now owns 54,752 shares of the business services provider's stock worth $4,244,000 after buying an additional 18,702 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $65.26, for a total value of $926,887.78. Following the sale, the chief executive officer now owns 458,589 shares in the company, valued at approximately $29,927,518.14. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.29% of the company's stock.

Insperity Trading Down 2.6%

NSP stock traded down $1.74 during trading on Friday, reaching $65.06. The company had a trading volume of 644,241 shares, compared to its average volume of 368,829. Insperity, Inc. has a 52 week low of $61.54 and a 52 week high of $104.90. The company has a market cap of $2.45 billion, a P/E ratio of 26.99 and a beta of 0.55. The business has a 50 day moving average of $77.77 and a 200 day moving average of $79.52. 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 (NYSE:NSP - Get Free Report) last released its 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). The firm had revenue of $310.00 million during the quarter, compared to analysts' expectations of $1.87 billion. Insperity had a net margin of 1.38% and a return on equity of 72.22%. The company's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 EPS. As a group, sell-side analysts forecast 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 issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Friday, June 6th. Insperity's dividend payout ratio (DPR) is presently 142.86%.

Analysts Set New Price Targets

Several analysts recently weighed in on NSP shares. Truist Financial cut their price target on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen downgraded shares of Insperity from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th.

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.