Bank of America Corp DE Sells 79,214 Shares of Insperity, Inc. (NYSE:NSP)

Bank of America Corp DE reduced its stake in Insperity, Inc. (NYSE:NSP) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,049,434 shares of the business services provider’s stock after selling 79,214 shares during the quarter. Bank of America Corp DE’s holdings in Insperity were worth $81,342,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NSP. Barclays PLC raised its holdings in Insperity by 129.7% in the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock valued at $7,269,000 after acquiring an additional 46,625 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Insperity in the third quarter valued at approximately $32,000. Franklin Resources Inc. boosted its stake in shares of Insperity by 4.6% in the third quarter. Franklin Resources Inc. now owns 20,821 shares of the business services provider’s stock valued at $1,844,000 after buying an additional 909 shares during the period. JPMorgan Chase & Co. grew its position in Insperity by 16.5% during the third quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider’s stock worth $13,259,000 after buying an additional 21,325 shares in the last quarter. Finally, Reinhart Partners LLC. increased its stake in Insperity by 8.3% during the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after acquiring an additional 89,809 shares during the period. 93.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Insperity

In related news, COO Arthur A. Arizpe sold 6,000 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total transaction of $508,080.00. Following the sale, the chief operating officer now owns 72,551 shares in the company, valued at $6,143,618.68. The trade was a 7.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the transaction, the chief executive officer now directly owns 436,584 shares of the company’s stock, valued at approximately $36,812,762.88. The trade was a 5.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,203 shares of company stock valued at $3,542,968. 5.29% of the stock is currently owned by corporate insiders.

Insperity Price Performance

Insperity stock opened at $65.96 on Monday. The stock’s fifty day moving average price is $81.71 and its two-hundred day moving average price is $80.21. Insperity, Inc. has a one year low of $61.54 and a one year high of $106.69. 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 firm has a market cap of $2.48 billion, a PE ratio of 27.37 and a beta of 0.55.

Insperity (NYSE:NSP) last issued its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.44). The business had revenue of $310.00 million during the quarter, compared to analyst estimates of $1.87 billion. Insperity had a net margin of 1.38% and a return on equity of 72.22%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 EPS. As a group, research analysts expect that Insperity, Inc. will post 2.33 EPS 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 issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Thursday, March 13th. Insperity’s dividend payout ratio is presently 142.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Truist Financial lowered their price objective on Insperity from $82.00 to $70.00 and set a “hold” rating on the stock in a research note on Wednesday, April 30th. StockNews.com lowered Insperity from a “buy” rating to a “hold” rating 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $89.67.

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.