Geode Capital Management LLC Has $64.51 Million Position in Insperity, Inc. (NYSE:NSP)

Geode Capital Management LLC trimmed its position in Insperity, Inc. (NYSE:NSP - Free Report) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 832,152 shares of the business services provider's stock after selling 136,482 shares during the period. Geode Capital Management LLC owned approximately 2.23% of Insperity worth $64,514,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of NSP. LPL Financial LLC lifted its holdings in Insperity by 3.5% in the 4th quarter. LPL Financial LLC now owns 6,227 shares of the business services provider's stock valued at $483,000 after acquiring an additional 208 shares during the last quarter. Assetmark Inc. increased its holdings 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 valued at $158,000 after purchasing an additional 211 shares during the period. Xponance Inc. boosted its holdings in shares of Insperity by 4.5% during the fourth quarter. Xponance Inc. now owns 5,080 shares of the business services provider's stock worth $394,000 after purchasing an additional 220 shares during the period. UMB Bank n.a. increased its stake in Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock valued at $66,000 after buying an additional 267 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Insperity by 493.2% in the 4th 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. Institutional investors own 93.44% of the company's stock.

Insider Activity

In other Insperity news, COO Arthur A. Arizpe sold 6,000 shares of Insperity stock in a transaction dated 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 in the company, 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 legal filing with the SEC, which is accessible through this link. Also, CEO Paul J. Sarvadi sold 25,000 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total value of $2,108,000.00. Following the sale, the chief executive officer now directly owns 436,584 shares in the company, valued at approximately $36,812,762.88. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. 5.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial cut their price objective on Insperity from $88.00 to $82.00 and set a "hold" rating for the company in a report on Tuesday. StockNews.com raised Insperity from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Insperity has an average rating of "Hold" and an average target price of $93.67.

Insperity Stock Performance

Insperity stock traded down $4.15 on Friday, hitting $78.76. The company's stock had a trading volume of 564,027 shares, compared to its average volume of 332,456. The firm has a market cap of $2.93 billion, a P/E ratio of 32.68 and a beta of 0.67. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. Insperity, Inc. has a one year low of $68.79 and a one year high of $109.80. The company has a fifty day moving average price of $86.60 and a 200-day moving average price of $82.01.

Insperity Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.05%. Insperity's payout ratio is 99.59%.

Insperity 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.