Cresset Asset Management LLC Sells 6,281 Shares of Insperity, Inc. (NYSE:NSP)

Cresset Asset Management LLC decreased its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 66.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,105 shares of the business services provider's stock after selling 6,281 shares during the quarter. Cresset Asset Management LLC's holdings in Insperity were worth $241,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Mawer Investment Management Ltd. raised its position in Insperity by 0.5% in 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 last quarter. Vanguard Group Inc. raised its position in shares of Insperity by 4.4% during 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 last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 valued at $103,248,000 after acquiring an additional 71,288 shares during the period. Earnest Partners LLC boosted its holdings 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 valued at $102,838,000 after acquiring an additional 47,730 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings 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 valued at $83,299,000 after acquiring an additional 377,603 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insperity Trading Down 5.5%

Shares of Insperity stock traded down $3.94 during trading on Wednesday, reaching $67.03. 687,547 shares of the company were exchanged, compared to its average volume of 363,605. Insperity, Inc. has a twelve month low of $61.54 and a twelve month high of $104.90. The business has a 50-day moving average price of $79.14 and a 200-day moving average price of $79.78. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 27.81 and a beta of 0.55.

Insperity (NYSE:NSP - Get Free Report) last posted 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 return on equity of 72.22% and a net margin of 1.38%. The company had revenue of $310.00 million for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $2.27 earnings per share. Insperity's quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity's dividend payout ratio is currently 142.86%.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the business's stock in a transaction dated Monday, May 5th. The stock was 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 now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NSP has been the topic of a number of research reports. StockNews.com downgraded shares of Insperity from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Truist Financial dropped their price target on shares of Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a research note 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.