Wealth Enhancement Advisory Services LLC Buys 17,406 Shares of Insperity, Inc. (NYSE:NSP)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 597.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,317 shares of the business services provider's stock after purchasing an additional 17,406 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.05% of Insperity worth $1,813,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp increased its stake in Insperity by 493.2% during the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Insperity by 28.4% during the fourth quarter. Millennium Management LLC now owns 51,097 shares of the business services provider's stock valued at $3,961,000 after buying an additional 11,289 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Insperity by 27.0% during the fourth quarter. Bank of New York Mellon Corp now owns 448,602 shares of the business services provider's stock valued at $34,771,000 after acquiring an additional 95,495 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Insperity in the 4th quarter worth approximately $10,390,000. Finally, Two Sigma Investments LP bought a new position in Insperity in the 4th quarter valued at approximately $446,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the business's 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 completion of the sale, the chief executive officer owned 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 5.29% of the company's stock.

Insperity Stock Performance

Shares of NSP stock traded down $0.32 on Thursday, reaching $61.36. The stock had a trading volume of 266,133 shares, compared to its average volume of 396,220. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.13 and a current ratio of 1.13. Insperity, Inc. has a 1 year low of $57.87 and a 1 year high of $104.90. The stock has a market cap of $2.31 billion, a P/E ratio of 36.52 and a beta of 0.48. The company has a 50 day simple moving average of $65.06 and a 200 day simple moving average of $76.20.

Insperity (NYSE:NSP - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.44). Insperity had a return on equity of 52.17% and a net margin of 0.95%. The firm had revenue of $310.00 million during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the business posted $2.27 earnings per share. The company's revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts expect that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given 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 3.91%. Insperity's payout ratio is presently 142.86%.

Analysts Set New Price Targets

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

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.