Cibc World Markets Corp Purchases Shares of 3,360 Insperity, Inc. (NYSE:NSP)

Cibc World Markets Corp purchased a new stake in Insperity, Inc. (NYSE:NSP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,360 shares of the business services provider's stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Value Holdings Management CO. LLC increased its stake in Insperity by 4.2% during the 4th quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider's stock valued at $18,432,000 after purchasing an additional 9,600 shares in the last quarter. State Street Corp lifted its stake in Insperity by 0.9% during the 3rd quarter. State Street Corp now owns 1,287,058 shares of the business services provider's stock valued at $113,261,000 after acquiring an additional 11,123 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in Insperity by 8.3% during the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider's stock worth $90,830,000 after acquiring an additional 89,809 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Insperity by 16.5% in the third quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider's stock valued at $13,259,000 after purchasing an additional 21,325 shares during the last quarter. Finally, Barclays PLC increased its stake in Insperity by 129.7% in the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider's stock valued at $7,269,000 after buying an additional 46,625 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Remove Ads

Insperity Stock Down 1.3 %

Shares of NSP stock traded down $1.14 during midday trading on Friday, reaching $88.28. 350,679 shares of the stock were exchanged, compared to its average volume of 324,877. Insperity, Inc. has a 1 year low of $68.79 and a 1 year high of $109.80. The firm has a market cap of $3.29 billion, a PE ratio of 36.63 and a beta of 1.02. The company's 50 day moving average is $84.25 and its two-hundred day moving average is $82.41. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Thursday, March 13th. Insperity's payout ratio is currently 99.59%.

Analysts Set New Price Targets

Separately, StockNews.com raised Insperity from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. One equities research 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $95.67.

Insider Activity

In related news, COO Arthur A. Arizpe sold 6,000 shares of the firm's stock in a transaction on 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 transaction, the chief operating officer now directly owns 72,551 shares of the company's stock, valued at approximately $6,143,618.68. This trade represents a 7.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ellen H. Masterson purchased 1,755 shares of Insperity stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the transaction, the director now directly owns 16,612 shares of the company's stock, valued at $1,424,479. The trade was a 11.81 % increase in their position. The disclosure for this purchase can be found here. 5.50% of the stock is owned by corporate 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.