Paul J. Sarvadi Sells 25,000 Shares of Insperity, Inc. (NYSE:NSP) Stock

Insperity, Inc. (NYSE:NSP) CEO Paul J. Sarvadi sold 25,000 shares of Insperity stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the completion of the transaction, the chief executive officer now owns 436,584 shares in the company, valued at approximately $36,812,762.88. The trade was a 5.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Insperity Trading Up 1.5 %

Shares of NSP opened at $87.58 on Friday. The firm’s 50-day moving average price is $78.20 and its 200-day moving average price is $83.59. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 27.80 and a beta of 1.13. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. Insperity, Inc. has a 1-year low of $68.79 and a 1-year high of $110.72.

Insperity Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Tuesday, December 10th. Insperity’s payout ratio is 99.59%.

Institutional Investors Weigh In On Insperity

Several hedge funds have recently bought and sold shares of NSP. Jones Financial Companies Lllp boosted its stake in Insperity by 493.2% during the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after acquiring an additional 291 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Insperity during the third quarter worth about $32,000. Millburn Ridgefield Corp bought a new stake in Insperity during the third quarter worth about $53,000. UMB Bank n.a. boosted its stake in Insperity by 45.9% during the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock worth $66,000 after acquiring an additional 267 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Insperity during the fourth quarter worth about $87,000. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

NSP has been the topic of a number of analyst reports. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday. Truist Financial decreased their price objective on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Insperity in a research report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective on the stock. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $95.67.

Insperity Company 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.