Bahl & Gaynor Inc. Acquires 6,791 Shares of Insperity, Inc. (NYSE:NSP)

Bahl & Gaynor Inc. lifted its holdings in Insperity, Inc. (NYSE:NSP) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 136,690 shares of the business services provider’s stock after purchasing an additional 6,791 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Insperity were worth $10,595,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in Insperity by 32.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock worth $77,645,000 after purchasing an additional 215,206 shares during the last quarter. Geode Capital Management LLC raised its holdings in Insperity by 16.7% during the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock worth $85,254,000 after purchasing an additional 138,837 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Insperity during the 3rd quarter worth about $8,690,000. Bank of New York Mellon Corp raised its holdings in Insperity by 27.0% during the 4th quarter. Bank of New York Mellon Corp now owns 448,602 shares of the business services provider’s stock worth $34,771,000 after purchasing an additional 95,495 shares during the last quarter. Finally, Reinhart Partners LLC. raised its holdings in Insperity by 8.3% during the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after purchasing an additional 89,809 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Arthur A. Arizpe sold 6,000 shares of the company’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 transaction of $508,080.00. Following the sale, the chief operating officer now owns 72,551 shares in the company, valued at $6,143,618.68. This represents a 7.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ellen H. Masterson acquired 1,755 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the purchase, the director now owns 16,612 shares in the company, valued at approximately $1,424,479. This represents a 11.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.50% of the company’s stock.

Insperity Price Performance

Shares of NSP opened at $85.68 on Wednesday. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50 day simple moving average of $79.96 and a 200 day simple moving average of $82.69. Insperity, Inc. has a 52-week low of $68.79 and a 52-week high of $110.72. The firm has a market capitalization of $3.19 billion, a PE ratio of 35.55 and a beta of 1.13.

Insperity Dividend Announcement

The company also recently declared 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. This represents a $2.40 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Thursday, March 13th. Insperity’s dividend payout ratio (DPR) is currently 99.59%.

Analyst Ratings Changes

Separately, StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $95.67.

Insperity Profile

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.