Insider Selling: Insperity, Inc. (NYSE:NSP) CEO Sells $2,108,000.00 in Stock

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

Insperity Stock Performance

NSP 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 company’s fifty day moving average price is $78.29 and its two-hundred day moving average price is $83.36. Insperity, Inc. has a 1-year low of $68.79 and a 1-year high of $110.72. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 27.80 and a beta of 1.13.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.60 per share. 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 payout ratio is 76.19%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NSP. Covestor Ltd grew its stake in shares of Insperity by 12.6% in the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock worth $101,000 after acquiring an additional 146 shares in the last quarter. LPL Financial LLC grew its stake in shares of Insperity by 3.5% in the 4th quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock worth $483,000 after acquiring an additional 208 shares in the last quarter. Assetmark Inc. grew its stake in shares of Insperity by 11.6% in the 4th quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock worth $158,000 after acquiring an additional 211 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Insperity by 9.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock worth $222,000 after acquiring an additional 213 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Insperity by 26.4% in the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after acquiring an additional 216 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NSP shares. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. started coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price on the stock. Finally, Truist Financial dropped their target price 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.