Insperity, Inc. (NYSE:NSP) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 67.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,446 shares of the business services provider's stock after selling 13,443 shares during the period. Hsbc Holdings PLC's holdings in Insperity were worth $500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NSP. Mawer Investment Management Ltd. grew its stake in shares of Insperity by 0.5% in the 4th 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 last quarter. Vanguard Group Inc. lifted its stake in shares of Insperity by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider's stock worth $310,686,000 after acquiring an additional 167,560 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 71,288 shares in the last quarter. Reinhart Partners LLC. increased its stake in shares of Insperity by 8.3% during the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider's stock worth $90,830,000 after acquiring an additional 89,809 shares during the period. Finally, First Trust Advisors LP raised its holdings 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 worth $83,299,000 after purchasing an additional 377,603 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NSP has been the subject of a number of analyst reports. StockNews.com downgraded Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial cut 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. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $89.67.

Insider Transactions at Insperity

In related news, COO Arthur A. Arizpe sold 6,000 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total value of $508,080.00. Following the transaction, the chief operating officer now owns 72,551 shares in the company, valued at approximately $6,143,618.68. The trade was a 7.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total value of $2,108,000.00. Following the transaction, the chief executive officer now owns 436,584 shares of the company's stock, valued at approximately $36,812,762.88. This trade represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,203 shares of company stock valued at $3,542,968 over the last 90 days. Corporate insiders own 5.50% of the company's stock.

Insperity Price Performance

Shares of Insperity stock traded down $0.39 during trading on Friday, hitting $65.96. 380,078 shares of the company were exchanged, compared to its average volume of 352,427. Insperity, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $106.69. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The firm has a 50 day moving average price of $81.71 and a 200 day moving average price of $80.30. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 27.37 and a beta of 0.55.

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

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity's dividend payout ratio is currently 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.