Insider Selling: Insperity, Inc. (NYSE:NSP) CEO Sells 25,000 Shares of Stock

Insperity, Inc. (NYSE:NSP) CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Insperity Price Performance

NYSE NSP opened at $87.58 on Friday. The company has a market cap of $3.27 billion, a PE ratio of 27.80 and a beta of 1.13. Insperity, Inc. has a 52 week low of $68.79 and a 52 week 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. The firm’s 50-day simple moving average is $78.29 and its two-hundred day simple moving average is $83.36.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.74%. The ex-dividend date was Tuesday, December 10th. Insperity’s dividend payout ratio (DPR) is presently 76.19%.

Institutional Investors Weigh In On Insperity

Several institutional investors have recently added to or reduced their stakes in NSP. Jones Financial Companies Lllp lifted its holdings in shares of Insperity by 493.2% in the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after buying an additional 291 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Insperity in the third quarter worth about $32,000. Millburn Ridgefield Corp purchased a new stake in shares of Insperity in the third quarter worth about $53,000. UMB Bank n.a. lifted its holdings in shares of Insperity by 45.9% in the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock worth $66,000 after buying an additional 267 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Insperity by 26.4% in the third quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after buying an additional 216 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NSP shares. Truist Financial reduced their price target on shares of Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 1st. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. initiated coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $95.67.

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.