Insperity, Inc. (NYSE:NSP) CEO Sells $2,108,000.00 in Stock

Insperity, Inc. (NYSE:NSP) CEO Paul J. Sarvadi sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the completion of the transaction, the chief executive officer now owns 436,584 shares in the company, valued at approximately $36,812,762.88. This represents a 5.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Insperity Stock Up 1.5 %

Shares of Insperity stock opened at $87.58 on Friday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 27.80 and a beta of 1.13. The company’s 50 day moving average is $78.20 and its 200 day moving average is $83.59. Insperity, Inc. has a twelve month low of $68.79 and a twelve month high of $110.72. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.74%. Insperity’s dividend payout ratio (DPR) is 99.59%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. lifted its position in Insperity by 0.5% during the fourth quarter. Mawer Investment Management Ltd. now owns 5,217,635 shares of the business services provider’s stock valued at $404,419,000 after purchasing an additional 27,599 shares during the period. Vanguard Group Inc. raised its position in Insperity by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider’s stock worth $310,686,000 after acquiring an additional 167,560 shares during the period. Charles Schwab Investment Management Inc. raised its position in Insperity by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,332,056 shares of the business services provider’s stock worth $103,248,000 after acquiring an additional 71,288 shares during the period. Earnest Partners LLC raised its position in Insperity by 3.7% in the fourth quarter. Earnest Partners LLC now owns 1,326,767 shares of the business services provider’s stock worth $102,838,000 after acquiring an additional 47,730 shares during the period. Finally, State Street Corp raised its position in Insperity by 0.9% in the third quarter. State Street Corp now owns 1,287,058 shares of the business services provider’s stock worth $113,261,000 after acquiring an additional 11,123 shares during the period. Institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NSP. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday. Truist Financial dropped their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. began coverage on shares of Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $95.67.

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.