Insperity, Inc. (NYSE:NSP) Sees Large Increase in Short Interest

Insperity, Inc. (NYSE:NSP) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,300,000 shares, an increase of 21.7% from the January 31st total of 1,890,000 shares. Based on an average daily trading volume, of 426,000 shares, the short-interest ratio is presently 5.4 days. Approximately 6.5% of the company’s stock are sold short.

Insperity Price Performance

Insperity stock opened at $90.57 on Friday. Insperity has a 52 week low of $68.79 and a 52 week high of $110.72. The company’s 50 day moving average price is $80.61 and its two-hundred day moving average price is $82.73. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The stock has a market cap of $3.37 billion, a P/E ratio of 37.58 and a beta of 1.13.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.65%. Insperity’s dividend payout ratio is currently 99.59%.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 436,584 shares of the company’s stock, valued at approximately $36,812,762.88. This trade represents a 5.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Arthur A. Arizpe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total transaction of $508,080.00. Following the completion of the transaction, the chief operating officer now directly owns 72,551 shares in the company, valued at approximately $6,143,618.68. The trade was a 7.64 % decrease in their position. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Insperity

Several hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Insperity by 22.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 81,755 shares of the business services provider’s stock worth $6,337,000 after buying an additional 15,167 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Insperity by 35.2% in the 4th quarter. Voloridge Investment Management LLC now owns 184,517 shares of the business services provider’s stock worth $14,302,000 after purchasing an additional 48,010 shares during the period. Sovereign s Capital Management LLC bought a new stake in shares of Insperity in the 4th quarter worth approximately $3,959,000. Two Sigma Investments LP bought a new stake in shares of Insperity in the 4th quarter worth approximately $446,000. Finally, Snowden Capital Advisors LLC raised its holdings in shares of Insperity by 6.0% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider’s stock worth $255,000 after purchasing an additional 186 shares during the period. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.