Raymond James Financial Inc. Takes $10.39 Million Position in Insperity, Inc. (NYSE:NSP)

Raymond James Financial Inc. acquired a new position in shares of Insperity, Inc. (NYSE:NSP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 134,053 shares of the business services provider's stock, valued at approximately $10,390,000. Raymond James Financial Inc. owned approximately 0.36% of Insperity as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NSP. Atria Investments Inc boosted its position in shares of Insperity by 9.1% in the 3rd quarter. Atria Investments Inc now owns 4,672 shares of the business services provider's stock valued at $411,000 after purchasing an additional 389 shares during the period. GSA Capital Partners LLP purchased a new stake in Insperity during the third quarter valued at about $324,000. Victory Capital Management Inc. lifted its stake in Insperity by 65.7% during the third quarter. Victory Capital Management Inc. now owns 115,588 shares of the business services provider's stock valued at $10,172,000 after buying an additional 45,820 shares in the last quarter. KBC Group NV boosted its holdings in shares of Insperity by 26.4% in the third quarter. KBC Group NV now owns 1,034 shares of the business services provider's stock worth $91,000 after buying an additional 216 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of Insperity by 27.4% in the third quarter. Natixis Advisors LLC now owns 65,016 shares of the business services provider's stock worth $5,721,000 after acquiring an additional 13,981 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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Insperity Stock Up 2.8 %

NYSE:NSP traded up $2.42 during mid-day trading on Monday, reaching $89.02. The stock had a trading volume of 460,784 shares, compared to its average volume of 311,761. 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 stock has a market cap of $3.31 billion, a P/E ratio of 36.94 and a beta of 1.02. The business's 50 day moving average is $83.10 and its 200 day moving average is $82.32. Insperity, Inc. has a fifty-two week low of $68.79 and a fifty-two week high of $110.72.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.70%. The ex-dividend date is Thursday, March 13th. Insperity's payout ratio is 99.59%.

Insider Buying and Selling at Insperity

In other 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 cost of $85.75 per share, for a total transaction of $150,491.25. Following the purchase, the director now owns 16,612 shares of the company's stock, valued at $1,424,479. This represents a 11.81 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Paul J. Sarvadi sold 25,000 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now directly owns 436,584 shares of the company's stock, valued at approximately $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 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.