Insperity (NYSE:NSP) Shares Up 5.5% – Here’s What Happened

Insperity, Inc. (NYSE:NSP) shares traded up 5.5% during trading on Monday . The company traded as high as $94.00 and last traded at $95.31. 78,400 shares were traded during trading, a decline of 81% from the average session volume of 420,274 shares. The stock had previously closed at $90.36.

Analysts Set New Price Targets

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

Insperity Price Performance

The firm has a market capitalization of $3.51 billion, a PE ratio of 39.09 and a beta of 1.02. The firm’s fifty day moving average price is $80.61 and its 200 day moving average price is $82.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80.

Insperity Dividend Announcement

The firm 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 $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, March 13th. Insperity’s payout ratio is 99.59%.

Insider Buying and Selling at Insperity

In other news, CEO Paul J. Sarvadi sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 436,584 shares of the company’s stock, valued at $36,812,762.88. This trade represents a 5.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen H. Masterson bought 1,755 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of $85.75 per share, with a total value of $150,491.25. Following the completion of the purchase, the director now owns 16,612 shares in the company, valued at approximately $1,424,479. This trade represents a 11.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.50% of the company’s stock.

Institutional Trading of Insperity

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSP. River Road Asset Management LLC acquired a new stake in shares of Insperity during the 4th quarter valued at about $47,513,000. T. Rowe Price Investment Management Inc. purchased a new position in Insperity during the fourth quarter worth approximately $39,231,000. Norges Bank acquired a new stake in Insperity in the fourth quarter valued at approximately $31,587,000. First Trust Advisors LP increased its position in shares of Insperity by 54.2% in the fourth quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider’s stock valued at $83,299,000 after buying an additional 377,603 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Insperity during the 4th quarter worth approximately $17,521,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.