Arthur A. Arizpe Sells 6,000 Shares of Insperity, Inc. (NYSE:NSP) Stock

Insperity, Inc. (NYSE:NSP) COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total value of $508,080.00. Following the completion of the sale, the chief operating officer now directly owns 72,551 shares of the company’s stock, valued at approximately $6,143,618.68. The trade was a 7.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Insperity Stock Up 1.5 %

Shares of Insperity stock opened at $87.58 on Friday. Insperity, Inc. has a one year low of $68.79 and a one year high of $110.72. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s 50-day moving average is $78.29 and its 200 day moving average is $83.36. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 27.80 and a beta of 1.13.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.74%. Insperity’s payout ratio is 76.19%.

Wall Street Analyst Weigh In

NSP has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target for the company. Truist Financial decreased their price target on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $95.67.

Institutional Investors Weigh In On Insperity

Several institutional investors and hedge funds have recently made changes to their positions in NSP. River Road Asset Management LLC bought a new position in Insperity in the fourth quarter worth approximately $47,513,000. T. Rowe Price Investment Management Inc. bought a new position in Insperity in the fourth quarter worth approximately $39,231,000. Norges Bank bought a new position in Insperity in the fourth quarter worth approximately $31,587,000. First Trust Advisors LP boosted its holdings in 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 worth $83,299,000 after acquiring an additional 377,603 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Insperity by 32.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock worth $77,645,000 after acquiring an additional 215,206 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

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.