Teacher Retirement System of Texas Sells 23,475 Shares of Insperity, Inc. (NYSE:NSP)

Teacher Retirement System of Texas lowered its position in Insperity, Inc. (NYSE:NSP - Free Report) by 25.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,414 shares of the business services provider's stock after selling 23,475 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.18% of Insperity worth $6,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of NSP. Mawer Investment Management Ltd. boosted its stake in shares of Insperity by 0.5% during 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 purchasing an additional 27,599 shares during the period. Vanguard Group Inc. boosted its stake 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 valued at $310,686,000 after purchasing an additional 167,560 shares during the period. Reinhart Partners LLC. boosted its stake in shares of Insperity by 26.6% during the first quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider's stock valued at $132,423,000 after purchasing an additional 312,217 shares during the period. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 71,288 shares during the period. Finally, Earnest Partners LLC boosted its stake in shares of Insperity by 3.7% during 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 purchasing an additional 47,730 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insperity Stock Up 0.9%

Shares of NYSE:NSP traded up $0.55 on Tuesday, hitting $60.80. 17,494 shares of the company traded hands, compared to its average volume of 397,670. Insperity, Inc. has a 52 week low of $57.87 and a 52 week high of $104.90. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 3.66. The stock has a 50 day simple moving average of $64.01 and a 200-day simple moving average of $75.83. The company has a market cap of $2.29 billion, a PE ratio of 36.08 and a beta of 0.48.

Insperity (NYSE:NSP - Get Free Report) last issued its quarterly earnings results 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). Insperity had a net margin of 0.95% and a return on equity of 52.17%. The company had revenue of $310.00 million for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. Insperity's revenue was up 3.4% compared to the same quarter last year. As a group, research analysts expect that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.40 annualized dividend and a dividend yield of 3.95%. Insperity's dividend payout ratio (DPR) is presently 142.86%.

Insider Activity at Insperity

In other news, CEO Paul J. Sarvadi sold 14,203 shares of Insperity stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $65.26, for a total transaction of $926,887.78. Following the transaction, the chief executive officer directly owned 458,589 shares of the company's stock, valued at $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 is available at this hyperlink. 5.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Truist Financial dropped their price target 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 downgraded Insperity from a "buy" rating to a "hold" rating in a report 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.