Royce & Associates LP raised its stake in Insperity, Inc. (NYSE:NSP – Free Report) by 50.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 792,834 shares of the business services provider’s stock after acquiring an additional 265,041 shares during the period. Royce & Associates LP’s holdings in Insperity were worth $30,699,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the stock. Hantz Financial Services Inc. increased its holdings in shares of Insperity by 1,055.2% in the fourth quarter. Hantz Financial Services Inc. now owns 3,015 shares of the business services provider’s stock valued at $117,000 after buying an additional 2,754 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Insperity in the fourth quarter valued at $2,943,000. EverSource Wealth Advisors LLC increased its holdings in shares of Insperity by 23.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,566 shares of the business services provider’s stock valued at $177,000 after buying an additional 869 shares in the last quarter. Markel Group Inc. increased its holdings in shares of Insperity by 16.1% in the fourth quarter. Markel Group Inc. now owns 152,873 shares of the business services provider’s stock valued at $5,919,000 after buying an additional 21,145 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in Insperity during the 4th quarter worth approximately $243,000. Institutional investors own 93.44% of the company’s stock.
Insperity Trading Down 0.0%
NYSE NSP opened at $32.09 on Tuesday. Insperity, Inc. has a twelve month low of $18.57 and a twelve month high of $66.51. The company has a debt-to-equity ratio of 5.51, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -47.89 and a beta of 0.60. The firm’s 50 day moving average price is $28.98 and its two-hundred day moving average price is $32.89.
Insperity Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Thursday, June 4th. Insperity’s payout ratio is currently -358.21%.
Insider Buying and Selling at Insperity
In related news, CEO Paul J. Sarvadi purchased 160,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average cost of $23.22 per share, for a total transaction of $3,715,200.00. Following the acquisition, the chief executive officer directly owned 972,912 shares in the company, valued at approximately $22,591,016.64. The trade was a 19.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP James D. Allison purchased 10,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were bought at an average price of $20.45 per share, for a total transaction of $204,500.00. Following the completion of the acquisition, the executive vice president owned 94,272 shares in the company, valued at $1,927,862.40. This represents a 11.87% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 314,437 shares of company stock worth $7,814,246. 5.77% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. UBS Group set a $56.00 price objective on shares of Insperity in a research report on Wednesday, February 11th. JPMorgan Chase & Co. lowered their price objective on shares of Insperity from $35.00 to $33.00 and set an “underweight” rating on the stock in a research report on Friday, May 1st. Roth Mkm set a $54.00 price objective on shares of Insperity in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Insperity from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research upgraded shares of Insperity from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $46.00.
Check Out Our Latest Report on Insperity
Insperity Profile
Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.
The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.
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