Creative Planning Decreases Stake in Insperity, Inc. $NSP

Creative Planning lessened its stake in shares of Insperity, Inc. (NYSE:NSP) by 69.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,602 shares of the business services provider’s stock after selling 17,477 shares during the quarter. Creative Planning’s holdings in Insperity were worth $457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Insperity in the first quarter worth $33,000. Geneos Wealth Management Inc. increased its position in shares of Insperity by 32.2% in the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 182 shares during the period. Covestor Ltd raised its stake in shares of Insperity by 31.1% during the first quarter. Covestor Ltd now owns 1,707 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 405 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Insperity during the second quarter worth about $172,000. Finally, United Services Automobile Association bought a new stake in shares of Insperity in the first quarter worth about $202,000. Institutional investors own 93.44% of the company’s stock.

Insider Activity at Insperity

In related news, CEO Paul J. Sarvadi sold 10,850 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $51.98, for a total transaction of $563,983.00. Following the completion of the transaction, the chief executive officer owned 428,001 shares of the company’s stock, valued at $22,247,491.98. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Randall Mehl acquired 1,000 shares of the stock in a transaction on Friday, November 7th. The shares were bought at an average price of $33.88 per share, with a total value of $33,880.00. Following the purchase, the director directly owned 25,707 shares of the company’s stock, valued at $870,953.16. The trade was a 4.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 5.29% of the company’s stock.

Analysts Set New Price Targets

NSP has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Insperity from $51.00 to $34.00 and set an “underweight” rating for the company in a report on Tuesday, November 4th. Truist Financial dropped their price target on Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Roth Capital reissued a “buy” rating and set a $71.00 price objective on shares of Insperity in a research report on Tuesday, November 4th. Wall Street Zen cut shares of Insperity from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Zacks Research cut shares of Insperity from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $46.67.

Insperity Stock Performance

Shares of Insperity stock opened at $35.09 on Friday. Insperity, Inc. has a 12 month low of $31.00 and a 12 month high of $95.98. The firm has a market capitalization of $1.32 billion, a P/E ratio of 76.27 and a beta of 0.47. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 4.24. The business has a fifty day simple moving average of $40.84 and a two-hundred day simple moving average of $51.68.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.42). Insperity had a return on equity of 12.53% and a net margin of 0.25%.The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, December 9th. Insperity’s payout ratio is currently 521.74%.

Insperity 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.