Wealth Enhancement Advisory Services LLC Increases Stake in Insperity, Inc. (NYSE:NSP)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 597.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,317 shares of the business services provider's stock after acquiring an additional 17,406 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.05% of Insperity worth $1,813,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NSP. Mawer Investment Management Ltd. grew its holdings in Insperity by 0.5% in 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. grew its holdings in Insperity by 4.4% in 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. grew its holdings in Insperity by 26.6% in 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. grew its holdings in Insperity by 5.7% in 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 grew its holdings in Insperity by 3.7% in 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. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Truist Financial dropped their price objective on 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 lowered Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

Insperity Stock Up 1.0%

Shares of NSP opened at $59.38 on Monday. 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 stock's 50 day moving average is $66.07 and its two-hundred day moving average is $76.56. The firm has a market cap of $2.23 billion, a P/E ratio of 35.34 and a beta of 0.52. Insperity, Inc. has a 12 month low of $57.87 and a 12 month high of $104.90.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.44). The firm had revenue of $310.00 million during the quarter, compared to analyst estimates of $1.87 billion. Insperity had a return on equity of 52.17% and a net margin of 0.95%. The business's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 earnings per share. Analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Friday, June 6th. Insperity's dividend payout ratio is presently 142.86%.

Insider Transactions at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the business's stock in a transaction 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 transaction, the chief executive officer now owns 458,589 shares of the company's stock, valued at approximately $29,927,518.14. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.50% of the company's stock.

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.

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