Insider Selling: Insperity, Inc. (NYSE:NSP) COO Sells 6,000 Shares of Stock

Insperity, Inc. (NYSE:NSP - Get Free Report) COO Arthur A. Arizpe sold 6,000 shares of the company'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 owns 72,551 shares in the company, valued at $6,143,618.68. The trade was a 7.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Insperity Trading Up 1.5 %

Shares of Insperity stock traded up $1.31 on Monday, hitting $87.58. 566,069 shares of the company's stock traded hands, compared to its average volume of 348,330. The firm's 50-day moving average price is $78.29 and its two-hundred day moving average price is $83.22. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $3.27 billion, a PE 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.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a $0.60 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.74%. Insperity's dividend payout ratio is presently 76.19%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NSP. Truist Financial lowered their target price on Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. assumed coverage on Insperity in a research report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective for the company. Finally, StockNews.com upgraded shares of Insperity from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $95.67.

Hedge Funds Weigh In On Insperity

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its holdings in shares of Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock valued at $27,000 after buying an additional 291 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Insperity during the third quarter worth about $32,000. Millburn Ridgefield Corp acquired a new position in Insperity in the third quarter valued at about $53,000. UMB Bank n.a. increased its holdings 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 worth $66,000 after acquiring an additional 267 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Insperity in the fourth quarter worth about $87,000. Institutional investors own 93.44% of the company's stock.

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.