Paul J. Sarvadi Sells 25,000 Shares of Insperity, Inc. (NYSE:NSP) Stock

Insperity, Inc. (NYSE:NSP - Get Free Report) CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 436,584 shares of the company's stock, valued at $36,812,762.88. This trade represents a 5.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Insperity Stock Up 1.5 %

Shares of NSP stock traded up $1.31 during trading hours on Monday, hitting $87.58. 566,069 shares of the company were exchanged, compared to its average volume of 348,330. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 27.80 and a beta of 1.13. Insperity, Inc. has a one year low of $68.79 and a one year high of $110.72. The business's 50-day simple moving average is $78.29 and its two-hundred day simple moving average is $83.22. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.74%. Insperity's payout ratio is 76.19%.

Wall Street Analysts Forecast Growth

NSP has been the subject of a number of analyst reports. StockNews.com raised shares of Insperity from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. started coverage on Insperity in a research note on Tuesday, October 22nd. They set an "underweight" rating and a $90.00 price objective for the company. Finally, Truist Financial cut their target price on Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Insperity has an average rating of "Hold" and an average price target of $95.67.

Institutional Investors Weigh In On Insperity

Institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd increased its stake in Insperity by 12.6% during the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock valued at $101,000 after purchasing an additional 146 shares during the last quarter. Snowden Capital Advisors LLC boosted its holdings in shares of Insperity by 6.0% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider's stock valued at $255,000 after buying an additional 186 shares during the period. LPL Financial LLC grew its position in shares of Insperity by 3.5% during the 4th quarter. LPL Financial LLC now owns 6,227 shares of the business services provider's stock valued at $483,000 after buying an additional 208 shares during the last quarter. Assetmark Inc. raised its stake in Insperity by 11.6% during the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider's stock worth $158,000 after acquiring an additional 211 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in Insperity by 9.2% in the third 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 during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

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.