Insider Selling: Insperity, Inc. (NYSE:NSP) COO Sells $508,080.00 in Stock

Insperity, Inc. (NYSE:NSP) COO Arthur A. Arizpe sold 6,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total value of $508,080.00. Following the sale, the chief operating officer now owns 72,551 shares of the company’s stock, valued at approximately $6,143,618.68. The trade was a 7.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Insperity Price Performance

Insperity stock opened at $87.58 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. Insperity, Inc. has a 52 week low of $68.79 and a 52 week high of $110.72. The stock has a market capitalization of $3.27 billion, a P/E ratio of 27.80 and a beta of 1.13. The stock has a fifty day moving average of $78.29 and a 200-day moving average of $83.36.

Insperity Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.74%. Insperity’s dividend payout ratio (DPR) is currently 76.19%.

Hedge Funds Weigh In On Insperity

Institutional investors have recently modified their holdings of the business. Inspire Investing LLC increased its holdings in Insperity by 19.7% in the 3rd quarter. Inspire Investing LLC now owns 4,660 shares of the business services provider’s stock worth $410,000 after purchasing an additional 768 shares in the last quarter. Creative Planning increased its holdings in Insperity by 14.6% in the 3rd quarter. Creative Planning now owns 4,104 shares of the business services provider’s stock worth $361,000 after purchasing an additional 522 shares in the last quarter. nVerses Capital LLC increased its holdings in Insperity by 285.7% in the 3rd quarter. nVerses Capital LLC now owns 2,700 shares of the business services provider’s stock worth $238,000 after purchasing an additional 2,000 shares in the last quarter. Blue Trust Inc. increased its holdings in Insperity by 10.8% in the 3rd quarter. Blue Trust Inc. now owns 3,413 shares of the business services provider’s stock worth $311,000 after purchasing an additional 333 shares in the last quarter. Finally, Vest Financial LLC increased its holdings in Insperity by 40.3% in the 3rd quarter. Vest Financial LLC now owns 16,298 shares of the business services provider’s stock worth $1,434,000 after purchasing an additional 4,678 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price for the company. StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Truist Financial cut their target price on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Insperity has an average 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.