Vanguard Group Inc. Grows Stock Position in Insperity, Inc. (NYSE:NSP)

Vanguard Group Inc. grew its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,008,334 shares of the business services provider's stock after purchasing an additional 167,560 shares during the quarter. Vanguard Group Inc. owned approximately 10.72% of Insperity worth $310,686,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Value Holdings Management CO. LLC increased its position in shares of Insperity by 4.2% in the fourth quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider's stock valued at $18,432,000 after acquiring an additional 9,600 shares during the period. State Street Corp raised its position in Insperity by 0.9% during the 3rd quarter. State Street Corp now owns 1,287,058 shares of the business services provider's stock valued at $113,261,000 after purchasing an additional 11,123 shares during the last quarter. Jones Financial Companies Lllp grew its position 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 worth $27,000 after buying an additional 291 shares during the last quarter. Reinhart Partners LLC. grew its position in shares of Insperity by 8.3% in the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider's stock worth $90,830,000 after buying an additional 89,809 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Insperity by 16.5% during the third quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider's stock valued at $13,259,000 after acquiring an additional 21,325 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other news, COO Arthur A. Arizpe sold 6,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total value of $508,080.00. Following the completion of the transaction, the chief operating officer now owns 72,551 shares of the company's stock, valued at $6,143,618.68. This represents a 7.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ellen H. Masterson acquired 1,755 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of $85.75 per share, with a total value of $150,491.25. Following the transaction, the director now owns 16,612 shares of the company's stock, valued at approximately $1,424,479. This represents a 11.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.50% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Insperity from a "hold" rating to a "buy" rating in a research 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 given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $95.67.

Insperity Stock Down 3.7 %

Shares of NSP stock traded down $3.25 during mid-day trading on Friday, reaching $84.57. 468,751 shares of the company's stock traded hands, compared to its average volume of 325,787. The company's 50-day moving average price is $85.20 and its 200-day moving average price is $82.42. The company has a market cap of $3.15 billion, a P/E ratio of 35.09 and a beta of 1.02. Insperity, Inc. has a 12 month low of $68.79 and a 12 month high of $109.80. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.84%. The ex-dividend date was Thursday, March 13th. Insperity's dividend payout ratio is currently 99.59%.

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.