Nuveen Asset Management LLC Sells 35,242 Shares of Insperity, Inc. (NYSE:NSP)

Nuveen Asset Management LLC reduced its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,118 shares of the business services provider's stock after selling 35,242 shares during the quarter. Nuveen Asset Management LLC owned about 0.37% of Insperity worth $10,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of NSP. River Road Asset Management LLC bought a new position in Insperity during the fourth quarter valued at approximately $47,513,000. T. Rowe Price Investment Management Inc. bought a new position in Insperity during the fourth quarter valued at approximately $39,231,000. Norges Bank bought a new position in Insperity during the fourth quarter valued at approximately $31,587,000. First Trust Advisors LP grew its position in Insperity by 54.2% during 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. Finally, Vanguard Group Inc. grew its position in 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 acquiring an additional 167,560 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NSP. Truist Financial cut their target price on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen cut shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

Insperity Stock Down 0.8%

Shares of NSP traded down $0.52 during trading hours on Friday, hitting $64.69. The company had a trading volume of 512,538 shares, compared to its average volume of 372,704. The firm has a fifty day moving average price of $75.42 and a 200-day moving average price of $79.05. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 26.84 and a beta of 0.55. Insperity, Inc. has a 52-week low of $61.54 and a 52-week high of $104.90.

Insperity (NYSE:NSP - Get Free Report) last issued its 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 1.38% and a return on equity of 72.22%. The business had revenue of $310.00 million for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the prior year, the business posted $2.27 earnings per share. The business's revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities research analysts forecast that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, June 6th. Insperity's payout ratio is currently 142.86%.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $65.26, for a total transaction of $926,887.78. Following the completion of the transaction, the chief executive officer now directly owns 458,589 shares in the company, valued at approximately $29,927,518.14. The trade was a 3.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.29% of the company's stock.

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.