KLP Kapitalforvaltning AS Buys Shares of 7,100 Insperity, Inc. (NYSE:NSP)

KLP Kapitalforvaltning AS acquired a new stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,100 shares of the business services provider's stock, valued at approximately $550,000.

Several other institutional investors and hedge funds have also modified their holdings of NSP. BNP Paribas Financial Markets boosted its holdings in shares of Insperity by 66.5% during the third quarter. BNP Paribas Financial Markets now owns 47,477 shares of the business services provider's stock worth $4,178,000 after purchasing an additional 18,968 shares during the last quarter. Verition Fund Management LLC boosted its stake in Insperity by 274.2% in the 3rd quarter. Verition Fund Management LLC now owns 14,306 shares of the business services provider's stock worth $1,259,000 after buying an additional 10,483 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Insperity in the 3rd quarter valued at about $1,589,000. Holocene Advisors LP increased its stake in shares of Insperity by 222.3% during the 3rd quarter. Holocene Advisors LP now owns 27,154 shares of the business services provider's stock valued at $2,390,000 after acquiring an additional 18,728 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Insperity by 6.6% during the 3rd quarter. HighTower Advisors LLC now owns 6,808 shares of the business services provider's stock worth $596,000 after acquiring an additional 423 shares during the period. Hedge funds and other institutional investors own 93.44% of the company's stock.

Remove Ads

Analysts Set New Price Targets

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

Insperity Trading Down 3.5 %

NYSE:NSP traded down $2.95 on Monday, hitting $81.71. 50,039 shares of the stock were exchanged, compared to its average volume of 454,821. The stock has a fifty day moving average of $85.20 and a 200-day moving average of $82.37. The stock has a market cap of $3.04 billion, a PE ratio of 33.90 and a beta of 0.67. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. Insperity, Inc. has a fifty-two week low of $68.79 and a fifty-two week high of $109.80.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Thursday, March 13th. Insperity's dividend payout ratio (DPR) is presently 99.59%.

Insider Activity at Insperity

In related news, CEO Paul J. Sarvadi sold 25,000 shares of the firm'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 sale, the chief executive officer now directly owns 436,584 shares in the company, valued at approximately $36,812,762.88. This trade represents a 5.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ellen H. Masterson purchased 1,755 shares of Insperity stock in a transaction that occurred on Wednesday, February 12th. The shares were bought at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the completion of the transaction, the director now directly owns 16,612 shares in the company, valued at $1,424,479. This represents a 11.81 % increase in their position. The disclosure for this purchase can be found here. 5.50% of the stock is currently owned by insiders.

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.