Insperity (NYSE:NSP) Shares Gap Up - Here's Why

Insperity, Inc. (NYSE:NSP - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $69.60, but opened at $73.26. Insperity shares last traded at $78.60, with a volume of 114,808 shares traded.

Analysts Set New Price Targets

A number of research firms recently commented on NSP. Truist Financial decreased their price objective on Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a report on Friday, November 1st. StockNews.com upgraded Insperity from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. started coverage on shares of Insperity in a research report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective for the company. One 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $95.67.

Insperity Stock Performance

The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 27.42 and a beta of 1.13. The company's 50 day simple moving average is $78.11 and its 200 day simple moving average is $83.57.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.78%. The ex-dividend date was Tuesday, December 10th. Insperity's dividend payout ratio is currently 76.19%.

Insider Buying and Selling

In other Insperity news, COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 72,551 shares in the company, 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 can be accessed through this link. Also, Director Ellen H. Masterson purchased 1,755 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired 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 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 disclosure for this purchase can be found here. 5.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Insperity

A number of institutional investors have recently made changes to their positions in NSP. Jones Financial Companies Lllp lifted its position in 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 acquiring an additional 291 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Insperity in the 3rd quarter valued at $32,000. Millburn Ridgefield Corp bought a new position in Insperity in the third quarter valued at about $53,000. UMB Bank n.a. lifted its stake in Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock valued at $66,000 after purchasing an additional 267 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Insperity during the fourth quarter valued at about $87,000. 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.