Norges Bank Makes New $31.59 Million Investment in Insperity, Inc. (NYSE:NSP)

Norges Bank bought a new stake in Insperity, Inc. (NYSE:NSP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 407,523 shares of the business services provider's stock, valued at approximately $31,587,000. Norges Bank owned 1.09% of Insperity as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NSP. LPL Financial LLC raised its holdings in shares of Insperity by 3.5% during the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider's stock valued at $483,000 after buying an additional 208 shares during the last quarter. Assetmark Inc. grew its position in Insperity by 11.6% in the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider's stock worth $158,000 after buying an additional 211 shares during the last quarter. Xponance Inc. grew its position in Insperity by 4.5% in the fourth quarter. Xponance Inc. now owns 5,080 shares of the business services provider's stock worth $394,000 after buying an additional 220 shares during the last quarter. UMB Bank n.a. grew its position in Insperity by 45.9% in the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock worth $66,000 after buying an additional 267 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Insperity by 493.2% in the fourth 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. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Insperity from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $95.67.

Insider Activity

In other Insperity news, Director Ellen H. Masterson bought 1,755 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 transaction of $2,108,000.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 5.50% of the stock is owned by company insiders.

Insperity Stock Down 1.1 %

Shares of NSP stock traded down $0.90 on Thursday, hitting $83.09. The company's stock had a trading volume of 32,069 shares, compared to its average volume of 456,377. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. Insperity, Inc. has a fifty-two week low of $68.79 and a fifty-two week high of $109.80. The firm's fifty day moving average price is $85.55 and its 200-day moving average price is $82.14. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 34.48 and a beta of 0.67.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 dividend yield of 2.89%. The ex-dividend date was Thursday, March 13th. Insperity's dividend payout ratio is currently 99.59%.

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.