Insider Buying: Insperity, Inc. (NYSE:NSP) Director Buys 1,755 Shares of Stock

Insperity, Inc. (NYSE:NSP) Director Ellen H. Masterson purchased 1,755 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was bought at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Insperity Price Performance

Shares of NSP opened at $87.58 on Friday. The firm has a market cap of $3.27 billion, a PE 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. The firm has a fifty day simple moving average of $78.29 and a two-hundred day simple moving average of $83.36. Insperity, Inc. has a 1-year low of $68.79 and a 1-year high of $110.72.

Insperity Announces Dividend

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

Institutional Investors Weigh In On Insperity

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in Insperity by 51.9% during the 4th quarter. Jane Street Group LLC now owns 54,752 shares of the business services provider’s stock valued at $4,244,000 after buying an additional 18,702 shares during the last quarter. Comerica Bank raised its stake in Insperity by 5.9% during the 4th quarter. Comerica Bank now owns 13,943 shares of the business services provider’s stock valued at $1,081,000 after buying an additional 783 shares during the last quarter. Voleon Capital Management LP purchased a new stake in Insperity during the 4th quarter valued at $1,228,000. PDT Partners LLC bought a new stake in shares of Insperity during the 4th quarter valued at $707,000. Finally, Northern Trust Corp grew its position in shares of Insperity by 14.2% during the 4th quarter. Northern Trust Corp now owns 519,610 shares of the business services provider’s stock valued at $40,275,000 after acquiring an additional 64,536 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NSP shares. StockNews.com raised 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 for the company in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Insperity in a report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.