Logan Capital Management Inc. Has $4.83 Million Stock Holdings in Insperity, Inc. (NYSE:NSP)

Logan Capital Management Inc. lessened its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 11.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,277 shares of the business services provider's stock after selling 7,673 shares during the period. Logan Capital Management Inc. owned 0.17% of Insperity worth $4,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock valued at $27,000 after buying an additional 291 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock valued at $66,000 after purchasing an additional 267 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Insperity during the 4th quarter valued at about $87,000. Covestor Ltd boosted its position in shares of Insperity by 12.6% during the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock valued at $101,000 after purchasing an additional 146 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Insperity by 87.5% during the 4th quarter. KBC Group NV now owns 1,939 shares of the business services provider's stock valued at $150,000 after purchasing an additional 905 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Insperity Trading Up 1.0%

Shares of NSP traded up $0.73 during midday trading on Friday, hitting $71.70. The stock had a trading volume of 422,392 shares, compared to its average volume of 361,051. Insperity, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $105.01. The business has a 50-day simple moving average of $79.79 and a two-hundred day simple moving average of $79.86. The firm has a market cap of $2.70 billion, a P/E ratio of 29.75 and a beta of 0.55. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80.

Insperity (NYSE:NSP - Get Free Report) last announced 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 return on equity of 72.22% and a net margin of 1.38%. The firm had revenue of $310.00 million during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The business's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts forecast that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity's payout ratio is 142.86%.

Analyst Upgrades and Downgrades

NSP has been the subject of several research reports. StockNews.com lowered shares of Insperity from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Truist Financial reduced their price objective on shares of Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th.

Insiders Place Their Bets

In other news, CEO Paul J. Sarvadi sold 14,203 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $65.26, for a total value of $926,887.78. Following the completion of the sale, the chief executive officer now directly owns 458,589 shares of the company's stock, valued at $29,927,518.14. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.29% of the company's stock.

About Insperity

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.