Insider Buying: Insperity, Inc. (NYSE:NSP) Director Buys 1,755 Shares of Stock

Insperity, Inc. (NYSE:NSP - Get Free Report) Director Ellen H. Masterson acquired 1,755 shares of Insperity stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the completion of the purchase, the director now directly owns 16,612 shares in the company, valued at approximately $1,424,479. This represents a 11.81 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Insperity Stock Up 1.5 %

NYSE NSP traded up $1.31 on Monday, reaching $87.58. The company had a trading volume of 566,069 shares, compared to its average volume of 348,330. The firm has a market capitalization of $3.27 billion, a PE ratio of 27.80 and a beta of 1.13. The firm has a 50-day moving average of $78.29 and a 200-day moving average of $83.22. Insperity, Inc. has a 1 year low of $68.79 and a 1 year high of $110.72. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16.

Insperity Announces Dividend

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

Institutional Investors Weigh In On Insperity

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. River Road Asset Management LLC purchased a new stake in shares of Insperity during the fourth quarter worth about $47,513,000. T. Rowe Price Investment Management Inc. acquired a new stake in Insperity during the 4th quarter valued at approximately $39,231,000. Norges Bank acquired a new position in shares of Insperity in the 4th quarter valued at approximately $31,587,000. First Trust Advisors LP raised its position in shares of Insperity by 54.2% in the 4th quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock valued at $83,299,000 after purchasing an additional 377,603 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Insperity during the 4th quarter valued at approximately $17,521,000. Hedge funds and other institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NSP. Truist Financial reduced their price target on shares of Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. began coverage on shares of Insperity in a report on Tuesday, October 22nd. They set an "underweight" rating and a $90.00 target price on the stock. Finally, StockNews.com upgraded Insperity from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Insperity presently has a consensus rating of "Hold" and a consensus target price of $95.67.

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.