Advisors Asset Management Inc. Lowers Stake in Insperity, Inc. (NYSE:NSP)

Advisors Asset Management Inc. cut its position in Insperity, Inc. (NYSE:NSP) by 12.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,895 shares of the business services provider’s stock after selling 2,268 shares during the period. Advisors Asset Management Inc.’s holdings in Insperity were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC boosted its holdings in Insperity by 164.3% in the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock worth $94,000 after buying an additional 534 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of Insperity by 0.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 31,168 shares of the business services provider’s stock valued at $3,418,000 after acquiring an additional 215 shares in the last quarter. Seven Eight Capital LP boosted its stake in shares of Insperity by 244.6% in the first quarter. Seven Eight Capital LP now owns 14,178 shares of the business services provider’s stock worth $1,554,000 after acquiring an additional 10,064 shares during the period. Covestor Ltd grew its position in shares of Insperity by 264.7% during the first quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock worth $114,000 after purchasing an additional 757 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Insperity by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock valued at $428,696,000 after purchasing an additional 182,773 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NSP shares. StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Robert W. Baird boosted their target price on shares of Insperity from $105.00 to $109.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of Insperity in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $109.50.

Insiders Place Their Bets

In other news, CEO Paul J. Sarvadi sold 12,183 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $95.41, for a total transaction of $1,162,380.03. Following the sale, the chief executive officer now directly owns 525,252 shares in the company, valued at approximately $50,114,293.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Paul J. Sarvadi sold 12,183 shares of Insperity stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $95.41, for a total value of $1,162,380.03. Following the completion of the transaction, the chief executive officer now owns 525,252 shares in the company, valued at $50,114,293.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John M. Morphy sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $102.42, for a total value of $337,986.00. Following the sale, the director now owns 7,633 shares in the company, valued at $781,771.86. The disclosure for this sale can be found here. Insiders sold 20,695 shares of company stock valued at $2,044,864 in the last three months. Corporate insiders own 5.50% of the company’s stock.

Insperity Price Performance

Shares of Insperity stock opened at $101.85 on Friday. The firm has a market cap of $3.83 billion, a PE ratio of 24.90, a PEG ratio of 2.79 and a beta of 1.13. The stock has a 50 day moving average of $95.39 and a 200 day moving average of $101.93. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.64. Insperity, Inc. has a 12 month low of $85.04 and a 12 month high of $122.98.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.24. Insperity had a return on equity of 137.14% and a net margin of 2.39%. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.81 billion. On average, research analysts expect that Insperity, Inc. will post 2.43 EPS for the current fiscal year.

Insperity Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.40 annualized dividend and a yield of 2.36%. This is a positive change from Insperity’s previous quarterly dividend of $0.57. Insperity’s dividend payout ratio (DPR) is 58.68%.

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.