Diamond Hill Capital Management Inc. Sells 43,934 Shares of Insperity, Inc. (NYSE:NSP)

Diamond Hill Capital Management Inc. trimmed its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 11.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,174 shares of the business services provider's stock after selling 43,934 shares during the period. Diamond Hill Capital Management Inc. owned 0.95% of Insperity worth $31,871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA grew its holdings in Insperity by 279.1% during the first quarter. Private Trust Co. NA now owns 326 shares of the business services provider's stock valued at $29,000 after purchasing an additional 240 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Insperity during the 1st quarter valued at about $42,000. First Horizon Advisors Inc. lifted its position in shares of Insperity by 56.0% during the 1st quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider's stock valued at $63,000 after buying an additional 253 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Insperity during the 4th quarter valued at approximately $87,000. Finally, Covestor Ltd increased its holdings in Insperity by 12.6% in the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock worth $101,000 after acquiring an additional 146 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insperity Price Performance

NYSE:NSP traded down $0.23 on Thursday, reaching $59.46. 394,116 shares of the company's stock traded hands, compared to its average volume of 384,017. The stock has a 50-day simple moving average of $61.84 and a 200-day simple moving average of $74.21. Insperity, Inc. has a 12 month low of $56.35 and a 12 month high of $104.90. The firm has a market cap of $2.24 billion, a PE ratio of 35.39 and a beta of 0.48. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 3.66.

Insperity (NYSE:NSP - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.44). Insperity had a net margin of 0.95% and a return on equity of 52.17%. The business had revenue of $310.00 million for the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $2.27 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a yield of 4.04%. Insperity's dividend payout ratio is currently 142.86%.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $65.26, for a total transaction of $926,887.78. Following the completion of the transaction, the chief executive officer directly owned 458,589 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NSP. Truist Financial decreased their target price on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen cut shares of Insperity from a "buy" rating to a "hold" rating in a research note 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.