River Road Asset Management LLC Acquires New Stake in Insperity, Inc. (NYSE:NSP)

River Road Asset Management LLC acquired a new stake in shares of Insperity, Inc. (NYSE:NSP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 612,991 shares of the business services provider’s stock, valued at approximately $47,513,000. River Road Asset Management LLC owned approximately 1.64% of Insperity as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in Insperity by 9.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,884 shares of the business services provider’s stock valued at $782,000 after purchasing an additional 733 shares during the last quarter. Atria Investments Inc boosted its stake in Insperity by 9.1% during the 3rd quarter. Atria Investments Inc now owns 4,672 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 389 shares during the last quarter. Covestor Ltd boosted its stake in Insperity by 21.7% during the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 206 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Insperity by 9.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 213 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Insperity by 10.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,183 shares of the business services provider’s stock valued at $1,864,000 after purchasing an additional 1,987 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Insperity

In other news, COO Arthur A. Arizpe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total value of $508,080.00. Following the transaction, the chief operating officer now directly owns 72,551 shares in the company, valued at $6,143,618.68. The trade was a 7.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were 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 owns 436,584 shares in the company, valued at $36,812,762.88. The trade was a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $95.67.

Insperity Stock Performance

NYSE:NSP opened at $94.20 on Tuesday. The stock has a 50-day simple moving average of $80.94 and a two-hundred day simple moving average of $82.60. Insperity, Inc. has a 52-week low of $68.79 and a 52-week high of $110.72. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $3.51 billion, a PE ratio of 39.09 and a beta of 1.02.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.55%. The ex-dividend date is Thursday, March 13th. Insperity’s dividend payout ratio is presently 99.59%.

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.