Victory Capital Management Inc. Sells 4,758 Shares of Insperity, Inc. (NYSE:NSP)

Key Points

• Victory Capital Management Inc. reduced its stake in Insperity, Inc. by 5.3% during the first quarter, now holding 84,372 shares valued at approximately $7.5 million.
• Insperity's CEO, Paul J. Sarvadi, sold 14,203 shares for about $926,888, reducing his ownership by 3%.
• Insperity recently announced a quarterly dividend of $0.60 per share, representing an annual yield of 3.98% and a high dividend payout ratio of 142.86%.

Victory Capital Management Inc. cut its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 5.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,372 shares of the business services provider's stock after selling 4,758 shares during the quarter. Victory Capital Management Inc. owned approximately 0.22% of Insperity worth $7,529,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. bought a new position in Insperity in the 4th quarter valued at about $39,231,000. Norges Bank acquired a new position in shares of Insperity in the 4th quarter worth approximately $31,587,000. First Trust Advisors LP lifted its position in shares of Insperity by 54.2% in the 4th quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock worth $83,299,000 after purchasing an additional 377,603 shares during the period. Reinhart Partners LLC. lifted its position in shares of Insperity by 26.6% during the 1st quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider's stock valued at $132,423,000 after acquiring an additional 312,217 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Insperity in the fourth quarter worth $17,521,000. 93.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NSP shares. Truist Financial reduced their price target 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. Wall Street Zen downgraded shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

Insider Buying and Selling at Insperity

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

Insperity Trading Down 0.6%

Shares of NSP traded down $0.40 during mid-day trading on Tuesday, reaching $61.03. The company's stock had a trading volume of 88,040 shares, compared to its average volume of 476,450. The stock has a market cap of $2.30 billion, a PE ratio of 36.36 and a beta of 0.48. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.66. Insperity, Inc. has a 52 week low of $56.35 and a 52 week high of $104.90. The company's fifty day moving average price is $61.41 and its two-hundred day moving average price is $73.98.

Insperity (NYSE:NSP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.44). Insperity had a net margin of 0.95% and a return on equity of 52.17%. 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 firm earned $2.27 EPS. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The business also recently disclosed 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 3.93%. Insperity's dividend payout ratio (DPR) is presently 142.86%.

Insperity 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.