Insperity, Inc. (NYSE:NSP) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its stake in Insperity, Inc. (NYSE:NSP) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 401,257 shares of the business services provider’s stock after selling 38,291 shares during the period. Invesco Ltd. owned 1.07% of Insperity worth $31,101,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. LPL Financial LLC lifted its position in Insperity by 3.5% in the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 208 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Insperity by 11.6% in the 4th 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 during the last quarter. Xponance Inc. lifted its holdings in shares of Insperity by 4.5% in the 4th quarter. Xponance Inc. now owns 5,080 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 220 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 267 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in Insperity by 493.2% during the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after buying an additional 291 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial reduced their price objective on Insperity from $88.00 to $82.00 and set a “hold” rating for the company in a research note on Tuesday. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $93.67.

Insider Activity at Insperity

In other news, COO Arthur A. Arizpe sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 $6,143,618.68. This trade represents a 7.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen H. Masterson acquired 1,755 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the acquisition, the director now directly owns 16,612 shares of the company’s stock, valued at $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. 5.50% of the stock is currently owned by insiders.

Insperity Stock Down 5.0 %

Insperity stock opened at $78.76 on Friday. The stock has a 50 day moving average of $86.60 and a two-hundred day moving average of $82.01. Insperity, Inc. has a twelve month low of $68.79 and a twelve month high of $109.80. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 32.68 and a beta of 0.67. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was 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.