Norges Bank Takes Position in Insperity, Inc. (NYSE:NSP)

Norges Bank acquired a new position in Insperity, Inc. (NYSE:NSP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of Insperity by 493.2% during the 4th 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Insperity during the third quarter worth approximately $32,000. UMB Bank n.a. lifted 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 purchasing an additional 267 shares during the period. Quarry LP boosted its stake in Insperity by 40.9% during the 3rd quarter. Quarry LP now owns 1,533 shares of the business services provider's stock valued at $135,000 after purchasing an additional 445 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Insperity by 87.5% during the 4th quarter. KBC Group NV now owns 1,939 shares of the business services provider's stock valued at $150,000 after purchasing an additional 905 shares during the period. Institutional investors own 93.44% of the company's stock.

Insperity Trading Down 3.7 %

Insperity stock opened at $84.57 on Friday. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 35.09 and a beta of 1.02. Insperity, Inc. has a 1 year low of $68.79 and a 1 year high of $109.80. The firm's 50 day moving average price is $85.20 and its two-hundred day moving average price is $82.42. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08.

Insperity Announces Dividend

The business also recently announced 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 2.84%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity's dividend payout ratio (DPR) is presently 99.59%.

Insider Activity

In other Insperity news, COO Arthur A. Arizpe sold 6,000 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total transaction of $508,080.00. Following the sale, the chief operating officer now directly owns 72,551 shares of the company's stock, valued at $6,143,618.68. The trade was a 7.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the sale, the chief executive officer now directly owns 436,584 shares of the company's stock, valued at approximately $36,812,762.88. This trade represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Insperity from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. One research 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, Insperity presently has a consensus rating of "Hold" and an average price target of $95.67.

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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.

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