JPMorgan Chase & Co. Has $22.49 Million Stock Position in Insperity, Inc. (NYSE:NSP)

JPMorgan Chase & Co. lifted its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 92.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,166 shares of the business services provider's stock after purchasing an additional 139,497 shares during the period. JPMorgan Chase & Co. owned about 0.78% of Insperity worth $22,491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NSP. HighTower Advisors LLC increased its stake in Insperity by 6.6% in the third quarter. HighTower Advisors LLC now owns 6,808 shares of the business services provider's stock valued at $596,000 after purchasing an additional 423 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Insperity by 5.8% during the third quarter. Stifel Financial Corp now owns 25,484 shares of the business services provider's stock valued at $2,243,000 after purchasing an additional 1,405 shares during the period. State Street Corp boosted its position in Insperity by 0.9% in 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 buying an additional 11,123 shares during the last quarter. Barclays PLC increased its holdings in Insperity by 129.7% during the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider's stock worth $7,269,000 after purchasing an additional 46,625 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Insperity by 16.7% during the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider's stock valued at $85,254,000 after acquiring an additional 138,837 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NSP shares. Truist Financial dropped their price target on Insperity from $88.00 to $82.00 and set a "hold" rating on the stock in a research report on Tuesday. StockNews.com upgraded shares of Insperity from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. One equities research 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $93.67.

Insperity Price Performance

Shares of NSP traded down $1.04 during trading hours on Tuesday, hitting $84.08. 49,884 shares of the company were exchanged, compared to its average volume of 452,589. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $3.13 billion, a PE ratio of 34.89 and a beta of 0.67. The firm has a fifty day simple moving average of $86.13 and a 200-day simple moving average of $82.06. Insperity, Inc. has a one year low of $68.79 and a one year high of $109.80.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.85%. Insperity's dividend payout ratio is currently 99.59%.

Insiders Place Their Bets

In other Insperity news, COO Arthur A. Arizpe sold 6,000 shares of the firm's stock in a transaction dated 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 sale, the chief operating officer now directly owns 72,551 shares in the company, valued at approximately $6,143,618.68. This trade represents a 7.64 % decrease in their position. The sale was disclosed in a legal filing 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 shares were sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the transaction, the chief executive officer now owns 436,584 shares in the company, valued at $36,812,762.88. This represents 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.