Short Interest in Insperity, Inc. (NYSE:NSP) Declines By 13.4%

Insperity, Inc. (NYSE:NSP - Get Free Report) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,450,000 shares, a drop of 13.4% from the April 30th total of 2,830,000 shares. Currently, 6.9% of the company's shares are sold short. Based on an average daily volume of 530,800 shares, the days-to-cover ratio is currently 4.6 days.

Insider Buying and Selling at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $65.26, for a total value of $926,887.78. Following the transaction, the chief executive officer now directly owns 458,589 shares of the company's stock, valued at approximately $29,927,518.14. This trade represents a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Insperity

Institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA increased its position in shares of Insperity by 279.1% during the first quarter. Private Trust Co. NA now owns 326 shares of the business services provider's stock worth $29,000 after acquiring an additional 240 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Insperity by 493.2% during the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Insperity during the 1st quarter worth approximately $33,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Insperity in the 1st quarter valued at approximately $42,000. Finally, First Horizon Advisors Inc. raised its position in shares of Insperity by 56.0% in the 1st quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider's stock valued at $63,000 after purchasing an additional 253 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insperity Stock Up 0.1%

Shares of NSP traded up $0.08 during midday trading on Wednesday, reaching $63.85. 513,075 shares of the company were exchanged, compared to its average volume of 376,196. Insperity has a 1-year low of $61.54 and a 1-year high of $104.90. The stock has a 50-day moving average price of $74.40 and a 200-day moving average price of $78.88. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 26.49 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 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 company had revenue of $310.00 million for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the firm posted $2.27 earnings per share. The business's revenue was up 3.4% on a year-over-year basis. Research analysts expect that Insperity will post 2.33 earnings per share for the current year.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.76%. The ex-dividend date is Friday, June 6th. Insperity's dividend payout ratio (DPR) is 142.86%.

Wall Street Analyst Weigh In

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

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.

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