Insperity (NYSE:NSP) Trading Up 5.5% - Here's What Happened

Insperity, Inc. (NYSE:NSP - Get Free Report)'s stock price shot up 5.5% during trading on Monday . The stock traded as high as $94.00 and last traded at $95.31. 78,400 shares changed hands during trading, a decline of 81% from the average session volume of 420,274 shares. The stock had previously closed at $90.36.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Insperity from a "hold" rating to a "buy" rating in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $95.67.

Insperity Stock Performance

The stock has a market cap of $3.21 billion, a P/E ratio of 35.78 and a beta of 1.02. The stock has a fifty day simple moving average of $81.18 and a 200-day simple moving average of $82.57. 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 will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $2.40 annualized dividend and a yield of 2.78%. Insperity's dividend payout ratio (DPR) is currently 99.59%.

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Insider Activity

In related news, CEO Paul J. Sarvadi sold 25,000 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ellen H. Masterson bought 1,755 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of $85.75 per share, with a total value of $150,491.25. Following the completion of the purchase, the director now directly owns 16,612 shares in the company, valued at $1,424,479. The trade was a 11.81 % increase in their position. The disclosure for this purchase can be found here. 5.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Insperity

Institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Insperity by 22.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 81,755 shares of the business services provider's stock valued at $6,337,000 after buying an additional 15,167 shares during the period. Voloridge Investment Management LLC raised its holdings in Insperity by 35.2% in the 4th quarter. Voloridge Investment Management LLC now owns 184,517 shares of the business services provider's stock valued at $14,302,000 after acquiring an additional 48,010 shares in the last quarter. Sovereign s Capital Management LLC bought a new stake in shares of Insperity during the 4th quarter valued at $3,959,000. Two Sigma Investments LP acquired a new stake in shares of Insperity during the 4th quarter worth $446,000. Finally, Snowden Capital Advisors LLC increased its position in shares of Insperity by 6.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider's stock worth $255,000 after purchasing an additional 186 shares during the period. 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.