Insperity, Inc. (NYSE:NSP) Shares Sold by Man Group plc

Man Group plc trimmed its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 19.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 275,739 shares of the business services provider's stock after selling 65,678 shares during the quarter. Man Group plc owned approximately 0.74% of Insperity worth $21,373,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on NSP shares. StockNews.com cut Insperity from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Truist Financial cut their target price on Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th.

Insider Transactions at Insperity

In other 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 sale, the chief executive officer now owns 458,589 shares in the company, 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 is available through this link. Insiders own 5.29% of the company's stock.

Insperity Stock Performance

Shares of NSP traded down $0.44 on Tuesday, reaching $70.96. The company's stock had a trading volume of 438,657 shares, compared to its average volume of 362,309. Insperity, Inc. has a 12-month low of $61.54 and a 12-month high of $104.90. The stock has a market capitalization of $2.67 billion, a P/E ratio of 29.44 and a beta of 0.55. The stock's 50 day simple moving average is $79.47 and its two-hundred day simple moving average is $79.84. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08.

Insperity (NYSE:NSP - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the firm earned $2.27 earnings per share. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. Research analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $2.40 annualized dividend and a yield of 3.38%. Insperity's dividend payout ratio (DPR) is presently 142.86%.

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.