Copeland Capital Management LLC Raises Holdings in Insperity, Inc. (NYSE:NSP)

Copeland Capital Management LLC increased its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 468,992 shares of the business services provider's stock after purchasing an additional 19,375 shares during the period. Copeland Capital Management LLC owned approximately 1.25% of Insperity worth $41,848,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of NSP. Jones Financial Companies Lllp boosted its position in Insperity by 493.2% in the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock worth $27,000 after purchasing an additional 291 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Insperity by 28.4% in the 4th quarter. Millennium Management LLC now owns 51,097 shares of the business services provider's stock worth $3,961,000 after purchasing an additional 11,289 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Insperity by 9.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,911 shares of the business services provider's stock worth $226,000 after buying an additional 251 shares during the last quarter. Bank of New York Mellon Corp grew its position in Insperity by 27.0% during the fourth quarter. Bank of New York Mellon Corp now owns 448,602 shares of the business services provider's stock valued at $34,771,000 after buying an additional 95,495 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Insperity during the fourth quarter valued at approximately $10,390,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Paul J. Sarvadi sold 14,203 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 458,589 shares in the company, valued at approximately $29,927,518.14. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NSP. Truist Financial cut their price objective 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 downgraded Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th.

Insperity Price Performance

NSP stock traded up $1.84 during trading on Tuesday, hitting $61.96. 525,112 shares of the company's stock traded hands, compared to its average volume of 394,044. Insperity, Inc. has a 52 week low of $57.87 and a 52 week high of $104.90. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 36.88 and a beta of 0.52. The business has a fifty day simple moving average of $65.74 and a 200 day simple moving average of $76.40. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.13 and a current ratio of 1.13.

Insperity (NYSE:NSP - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.57 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.44). Insperity had a return on equity of 52.17% and a net margin of 0.95%. The company had revenue of $310.00 million during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the prior year, the business posted $2.27 EPS. The company's revenue was up 3.4% on a year-over-year basis. As a group, research analysts expect that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, June 6th. Insperity's payout ratio is 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.