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 Insperity stock in a transaction that occurred on 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 sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link.

Insperity Stock Up 1.5 %

NYSE NSP opened at $86.38 on Friday. The stock’s 50 day simple moving average is $78.11 and its 200 day simple moving average is $83.57. Insperity, Inc. has a one year low of $68.79 and a one year high of $110.72. The firm has a market cap of $3.23 billion, a PE ratio of 27.42 and a beta of 1.13. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity’s payout ratio is presently 76.19%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Covestor Ltd grew its holdings in Insperity by 12.6% during the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock worth $101,000 after acquiring an additional 146 shares during the last quarter. LPL Financial LLC grew its stake in shares of Insperity by 3.5% during the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock valued at $483,000 after purchasing an additional 208 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Insperity by 11.6% in the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 211 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Insperity by 9.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock worth $222,000 after purchasing an additional 213 shares during the last quarter. Finally, KBC Group NV raised its position in Insperity by 26.4% in the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after purchasing an additional 216 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NSP. JPMorgan Chase & Co. assumed coverage on Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price for the company. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Truist Financial lowered their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 1st. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.