Insperity, Inc. (NYSE:NSP) Shares Acquired by Covestor Ltd

Covestor Ltd boosted its stake in Insperity, Inc. (NYSE:NSP) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,302 shares of the business services provider’s stock after acquiring an additional 146 shares during the period. Covestor Ltd’s holdings in Insperity were worth $101,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NSP. LPL Financial LLC boosted its stake in shares of Insperity by 3.5% during the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock worth $483,000 after buying an additional 208 shares during the period. Assetmark Inc. grew its holdings in Insperity by 11.6% in the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 211 shares during the last quarter. Xponance Inc. grew its stake in Insperity by 4.5% in the 4th quarter. Xponance Inc. now owns 5,080 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 220 shares during the last quarter. UMB Bank n.a. grew its position in shares of Insperity by 45.9% in the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 267 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Insperity by 493.2% during the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after buying an additional 291 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Insperity Trading Up 2.6 %

Shares of Insperity stock opened at $85.10 on Friday. Insperity, Inc. has a fifty-two week low of $68.79 and a fifty-two week high of $109.80. The business’s fifty day moving average is $85.91 and its two-hundred day moving average is $82.10. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The firm has a market cap of $3.17 billion, a PE ratio of 35.31 and a beta of 0.67.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity’s dividend payout ratio is currently 99.59%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $95.67.

Insider Buying and Selling

In related news, COO Arthur A. Arizpe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total transaction of $508,080.00. Following the transaction, the chief operating officer now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Paul J. Sarvadi sold 25,000 shares of the company’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 completion of the transaction, the chief executive officer now owns 436,584 shares of the company’s stock, valued at $36,812,762.88. This trade represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by company insiders.

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.