Insperity, Inc. (NYSE:NSP) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC decreased its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 55.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,969 shares of the business services provider's stock after selling 12,583 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Insperity were worth $773,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. River Road Asset Management LLC acquired a new position in Insperity in the fourth quarter valued at approximately $47,513,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Insperity in the fourth quarter valued at approximately $39,231,000. Norges Bank purchased a new stake in Insperity during the 4th quarter worth approximately $31,587,000. First Trust Advisors LP lifted its holdings in Insperity by 54.2% during the 4th quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock worth $83,299,000 after buying an additional 377,603 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Insperity by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider's stock valued at $310,686,000 after buying an additional 167,560 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insiders Place Their Bets

In related news, CEO Paul J. Sarvadi sold 14,203 shares of Insperity 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 directly owns 458,589 shares in the company, valued at $29,927,518.14. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com cut Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Truist Financial decreased their price objective on Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $89.67.

Insperity Stock Down 0.5%

Shares of Insperity stock traded down $0.36 during trading hours on Wednesday, hitting $68.96. The company had a trading volume of 155,298 shares, compared to its average volume of 484,513. The company's 50-day moving average is $81.03 and its two-hundred day moving average is $80.08. Insperity, Inc. has a twelve month low of $61.54 and a twelve month high of $106.01. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $2.59 billion, a P/E ratio of 28.61 and a beta of 0.55.

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 analysts' consensus estimates of $2.01 by ($0.44). The business had revenue of $310.00 million for the quarter, compared to analysts' expectations of $1.87 billion. Insperity had a return on equity of 72.22% and a net margin of 1.38%. The business's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $2.27 earnings per share. Analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Thursday, March 13th. Insperity's dividend payout ratio is presently 142.86%.

Insperity Company 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.