Insperity, Inc. (NYSE:NSP) Shares Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its position in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,453 shares of the business services provider's stock after purchasing an additional 15,529 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.35% of Insperity worth $11,640,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mawer Investment Management Ltd. increased its position in shares of Insperity by 0.5% in 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 buying an additional 27,599 shares in the last quarter. Vanguard Group Inc. grew its stake in Insperity by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider's stock valued at $310,686,000 after acquiring an additional 167,560 shares during the period. Reinhart Partners LLC. increased its holdings in Insperity by 26.6% in the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in Insperity by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,332,056 shares of the business services provider's stock worth $103,248,000 after acquiring an additional 71,288 shares during the period. Finally, Earnest Partners LLC raised its position in Insperity by 3.7% during 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. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Insperity

In other news, CEO Paul J. Sarvadi sold 14,203 shares of Insperity stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $65.26, for a total transaction of $926,887.78. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.29% of the stock is currently owned by insiders.

Insperity Price Performance

Shares of Insperity stock traded down $0.83 during trading hours on Friday, reaching $60.54. 483,686 shares of the company's stock were exchanged, compared to its average volume of 382,685. The business has a fifty day moving average of $70.95 and a two-hundred day moving average of $78.27. The company has a market capitalization of $2.28 billion, a P/E ratio of 25.12 and a beta of 0.51. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. Insperity, Inc. has a 1 year low of $59.63 and a 1 year 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 the consensus estimate of $2.01 by ($0.44). The business had revenue of $310.00 million for 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 firm's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 EPS. As a group, research analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, June 6th. This represents a $2.40 annualized dividend and a dividend yield of 3.96%. Insperity's payout ratio is 142.86%.

Analyst Upgrades and Downgrades

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

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.