Teacher Retirement System of Texas Trims Stock Position in Insperity, Inc. (NYSE:NSP)

Teacher Retirement System of Texas reduced its position in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 25.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,414 shares of the business services provider's stock after selling 23,475 shares during the period. Teacher Retirement System of Texas owned 0.18% of Insperity worth $6,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. lifted its position in Insperity by 56.0% during the 1st quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider's stock valued at $63,000 after acquiring an additional 253 shares during the period. Private Trust Co. NA raised its holdings in shares of Insperity by 279.1% during the first quarter. Private Trust Co. NA now owns 326 shares of the business services provider's stock valued at $29,000 after purchasing an additional 240 shares during the last quarter. Copeland Capital Management LLC raised its stake in Insperity by 4.3% during the 1st quarter. Copeland Capital Management LLC now owns 468,992 shares of the business services provider's stock valued at $41,848,000 after buying an additional 19,375 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Insperity by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,940 shares of the business services provider's stock valued at $2,549,000 after purchasing an additional 3,129 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Insperity by 57.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 30,712 shares of the business services provider's stock valued at $2,740,000 after buying an additional 11,264 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

NSP has been the subject of several analyst reports. Truist Financial reduced their price objective on Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen lowered shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

Insperity Trading Down 0.1%

NYSE NSP traded down $0.06 on Thursday, hitting $60.49. 326,841 shares of the stock were exchanged, compared to its average volume of 400,228. 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 stock has a fifty day moving average price of $63.80 and a two-hundred day moving average price of $75.62. The firm has a market capitalization of $2.28 billion, a P/E ratio of 36.01 and a beta of 0.48. Insperity, Inc. has a 52-week low of $57.87 and a 52-week high of $104.90.

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 analysts' consensus estimates of $2.01 by ($0.44). The firm had revenue of $310.00 million for 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%. Insperity's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 earnings per share. Research analysts forecast that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, June 6th. This represents a $2.40 annualized dividend and a dividend yield of 3.97%. Insperity's dividend payout ratio is presently 142.86%.

Insider Buying and Selling

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the 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 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 5.29% of the company's stock.

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.