Insperity, Inc. (NYSE:NSP) COO Arthur A. Arizpe Sells 6,000 Shares of Stock

Insperity, Inc. (NYSE:NSP) COO Arthur A. Arizpe sold 6,000 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Insperity Stock Performance

NYSE:NSP opened at $86.38 on Friday. The company has a market cap of $3.23 billion, a P/E ratio of 27.42 and a beta of 1.13. The firm’s 50 day moving average is $78.11 and its two-hundred day moving average is $83.57. Insperity, Inc. has a fifty-two week low of $68.79 and a fifty-two week high of $110.72. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity’s dividend payout ratio (DPR) is currently 76.19%.

Institutional Investors Weigh In On Insperity

A number of institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its holdings in shares of Insperity by 3,060.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 15,800 shares of the business services provider’s stock worth $1,225,000 after purchasing an additional 15,300 shares during the period. Farringdon Capital Ltd. acquired a new stake in Insperity during the 4th quarter worth approximately $272,000. Barclays PLC raised its holdings in Insperity by 17.7% in the fourth quarter. Barclays PLC now owns 97,224 shares of the business services provider’s stock valued at $7,537,000 after buying an additional 14,644 shares during the period. Covestor Ltd lifted its position in Insperity by 12.6% during the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock valued at $101,000 after buying an additional 146 shares in the last quarter. Finally, Paralel Advisors LLC grew its stake in Insperity by 10.0% during the fourth quarter. Paralel Advisors LLC now owns 22,905 shares of the business services provider’s stock worth $1,775,000 after buying an additional 2,080 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NSP. Truist Financial lowered their price target 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. StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. initiated coverage on Insperity in a research note on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.