Insperity, Inc. (NYSE:NSP) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 66.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,105 shares of the business services provider's stock after selling 6,281 shares during the period. Cresset Asset Management LLC's holdings in Insperity were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. boosted its position in Insperity by 0.5% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,217,635 shares of the business services provider's stock worth $404,419,000 after purchasing an additional 27,599 shares during the period. Vanguard Group Inc. lifted its holdings 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 worth $310,686,000 after buying an additional 167,560 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Insperity by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,332,056 shares of the business services provider's stock worth $103,248,000 after buying an additional 71,288 shares in the last quarter. Earnest Partners LLC lifted its holdings in Insperity by 3.7% in the 4th quarter. Earnest Partners LLC now owns 1,326,767 shares of the business services provider's stock worth $102,838,000 after buying an additional 47,730 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Insperity by 54.2% in the 4th quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock worth $83,299,000 after buying an additional 377,603 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now owns 458,589 shares in the company, valued at approximately $29,927,518.14. This trade 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. 5.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NSP has been the topic of a number of recent analyst reports. Truist Financial cut their price objective 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 lowered shares of Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th.

Insperity Stock Down 2.6%

Shares of Insperity 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 368,328. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 26.99 and a beta of 0.55. The firm's fifty day moving average is $77.77 and its 200-day moving average is $79.55. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. Insperity, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $104.90.

Insperity (NYSE:NSP - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.57 earnings per share 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 analyst estimates of $1.87 billion. Insperity had a return on equity of 72.22% and a net margin of 1.38%. Insperity's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.27 EPS. On average, analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.40 annualized dividend and a yield of 3.69%. Insperity's dividend payout ratio (DPR) is 142.86%.

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.