Envestnet Asset Management Inc. Purchases 35,873 Shares of Insperity, Inc. (NYSE:NSP)

Envestnet Asset Management Inc. grew its position in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 17.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 237,305 shares of the business services provider's stock after buying an additional 35,873 shares during the quarter. Envestnet Asset Management Inc. owned 0.63% of Insperity worth $21,175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NSP. Mawer Investment Management Ltd. lifted its position in Insperity by 0.5% during the fourth quarter. Mawer Investment Management Ltd. now owns 5,217,635 shares of the business services provider's stock valued at $404,419,000 after purchasing an additional 27,599 shares during the period. Vanguard Group Inc. raised its position in Insperity by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider's stock worth $310,686,000 after acquiring an additional 167,560 shares during the period. Reinhart Partners LLC. raised its position in Insperity by 26.6% in the first quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider's stock worth $132,423,000 after acquiring an additional 312,217 shares during the period. Earnest Partners LLC raised its position in Insperity by 3.7% in the fourth quarter. Earnest Partners LLC now owns 1,326,767 shares of the business services provider's stock worth $102,838,000 after acquiring an additional 47,730 shares during the period. Finally, First Trust Advisors LP raised its position in Insperity by 54.2% in the fourth quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock worth $83,299,000 after acquiring an additional 377,603 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of Insperity 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 transaction, the chief executive officer directly owned 458,589 shares of the company's stock, valued at $29,927,518.14. This trade represents a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 5.29% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on NSP shares. Truist Financial decreased their price target on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research 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.

Insperity Price Performance

Shares of NYSE NSP traded up $0.84 during midday trading on Thursday, reaching $57.71. The stock had a trading volume of 461,240 shares, compared to its average volume of 403,757. The stock has a 50-day moving average of $63.07 and a 200-day moving average of $74.99. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 34.35 and a beta of 0.48. Insperity, Inc. has a 12-month low of $55.69 and a 12-month high of $104.90.

Insperity (NYSE:NSP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (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 return on equity of 52.17% and a net margin of 0.95%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company earned $2.27 earnings per share. As a group, research analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a $0.60 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.16%. Insperity's payout ratio is currently 142.86%.

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.