PNC Financial Services Group Inc. Has $405,000 Stake in Insperity, Inc. (NYSE:NSP)

PNC Financial Services Group Inc. raised its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 137.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,226 shares of the business services provider's stock after buying an additional 3,028 shares during the period. PNC Financial Services Group Inc.'s holdings in Insperity were worth $405,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its holdings in shares of Insperity by 32.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider's stock valued at $77,645,000 after purchasing an additional 215,206 shares during the period. Geode Capital Management LLC raised its holdings in shares of Insperity by 16.7% during the third quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider's stock worth $85,254,000 after acquiring an additional 138,837 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Insperity during the fourth quarter valued at $10,390,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Insperity during the third quarter valued at $8,690,000. Finally, Bank of New York Mellon Corp grew its stake in Insperity by 27.0% in the fourth quarter. Bank of New York Mellon Corp now owns 448,602 shares of the business services provider's stock valued at $34,771,000 after purchasing an additional 95,495 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

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Insperity Stock Performance

Shares of NYSE NSP traded up $2.42 during mid-day trading on Monday, hitting $89.02. The company had a trading volume of 460,784 shares, compared to its average volume of 311,761. Insperity, Inc. has a 12 month low of $68.79 and a 12 month high of $110.72. The firm has a market cap of $3.31 billion, a P/E ratio of 36.94 and a beta of 1.02. The business's 50-day simple moving average is $83.10 and its 200-day simple moving average is $82.32. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a $0.60 dividend. The ex-dividend date is Thursday, March 13th. This represents a $2.40 annualized dividend and a yield of 2.70%. Insperity's dividend payout ratio (DPR) is currently 99.59%.

Analysts Set New Price Targets

Separately, 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 given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $95.67.

Insiders Place Their Bets

In related news, Director Ellen H. Masterson acquired 1,755 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was bought at an average cost of $85.75 per share, with a total value of $150,491.25. Following the completion of the acquisition, the director now owns 16,612 shares in the company, valued at $1,424,479. The trade was a 11.81 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was 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 in the company, valued at approximately $36,812,762.88. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company's stock.

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.