Insider Buying: Insperity, Inc. (NYSE:NSP) Director Buys $150,491.25 in Stock

Insperity, Inc. (NYSE:NSP) Director Ellen H. Masterson acquired 1,755 shares of Insperity stock in a transaction dated Wednesday, February 12th. The shares were bought at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the completion of the purchase, the director now directly owns 16,612 shares of the company’s stock, valued at approximately $1,424,479. The trade was a 11.81 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Insperity Stock Performance

Insperity stock opened at $87.58 on Friday. 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 50-day moving average of $78.29 and a 200-day moving average of $83.36. The firm has a market cap of $3.27 billion, a P/E ratio of 27.80 and a beta of 1.13. 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 disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 2.74%. Insperity’s dividend payout ratio (DPR) is presently 76.19%.

Institutional Trading of Insperity

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its holdings in Insperity by 51.9% in the fourth quarter. Jane Street Group LLC now owns 54,752 shares of the business services provider’s stock worth $4,244,000 after buying an additional 18,702 shares during the period. Comerica Bank lifted its holdings in Insperity by 5.9% in the fourth quarter. Comerica Bank now owns 13,943 shares of the business services provider’s stock worth $1,081,000 after buying an additional 783 shares during the period. Voleon Capital Management LP purchased a new stake in Insperity in the fourth quarter worth about $1,228,000. PDT Partners LLC purchased a new stake in Insperity in the fourth quarter worth about $707,000. Finally, Northern Trust Corp lifted its holdings in Insperity by 14.2% in the fourth quarter. Northern Trust Corp now owns 519,610 shares of the business services provider’s stock worth $40,275,000 after buying an additional 64,536 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Insperity in a report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price for the company. Finally, Truist Financial dropped their target price 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. One 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.