Teacher Retirement System of Texas Has $6.19 Million Stake in Insperity, Inc. (NYSE:NSP)

Teacher Retirement System of Texas lowered its position in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 25.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 0.18% of Insperity worth $6,194,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NSP. Jones Financial Companies Lllp grew 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 buying an additional 291 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Insperity by 279.1% during the 1st quarter. Private Trust Co. NA now owns 326 shares of the business services provider's stock valued at $29,000 after acquiring an additional 240 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of 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 in the last quarter. New Age Alpha Advisors LLC bought a new stake in Insperity in the fourth quarter worth $87,000. Finally, Covestor Ltd boosted its holdings in Insperity by 12.6% in the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock worth $101,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Insiders Place Their Bets

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the stock in a transaction 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 directly owned 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.50% of the company's stock.

Insperity Price Performance

Shares of NSP traded down $1.09 during mid-day trading on Monday, hitting $60.27. 474,879 shares of the company traded hands, compared to its average volume of 399,005. Insperity, Inc. has a one year low of $57.87 and a one year high of $104.90. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.66. The business has a 50-day moving average of $64.37 and a 200 day moving average of $75.94. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 35.88 and a beta of 0.48.

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 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 period last year, the company earned $2.27 earnings per share. Insperity's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities analysts expect that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.40 annualized dividend and a yield of 3.98%. Insperity's dividend payout ratio (DPR) is presently 142.86%.

Analyst Ratings Changes

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

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.