Logan Capital Management Inc. Sells 7,673 Shares of Insperity, Inc. (NYSE:NSP)

Logan Capital Management Inc. reduced its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,277 shares of the business services provider's stock after selling 7,673 shares during the quarter. Logan Capital Management Inc. owned about 0.17% of Insperity worth $4,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NSP. LRI Investments LLC lifted its holdings in shares of Insperity by 624.4% during the 4th quarter. LRI Investments LLC now owns 2,883 shares of the business services provider's stock worth $223,000 after acquiring an additional 2,485 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Insperity by 6.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 502,326 shares of the business services provider's stock valued at $38,935,000 after purchasing an additional 28,623 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Insperity by 7.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 81,398 shares of the business services provider's stock worth $6,309,000 after purchasing an additional 5,951 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of Insperity in the 4th quarter worth about $490,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Insperity during the 4th quarter valued at about $784,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insperity Trading Up 1.0%

NSP stock traded up $0.73 during trading on Friday, hitting $71.70. 422,392 shares of the company traded hands, compared to its average volume of 359,397. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50-day moving average of $80.15 and a 200-day moving average of $79.95. The firm has a market capitalization of $2.70 billion, a PE ratio of 29.75 and a beta of 0.55. Insperity, Inc. has a 1 year low of $61.54 and a 1 year high of $106.01.

Insperity (NYSE:NSP - Get Free Report) last issued 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 72.22% and a net margin of 1.38%. The firm had revenue of $310.00 million during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the business posted $2.27 EPS. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. Analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

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 dividend of $0.60 per share. 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 dividend payout ratio (DPR) is 142.86%.

Insider Transactions at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 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 document filed with the SEC, which is available at the SEC website. 5.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NSP. StockNews.com downgraded Insperity from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Truist Financial cut their price objective on shares of Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $89.67.

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.