Russell Investments Group Ltd. Decreases Stake in Insperity, Inc. (NYSE:NSP)

Russell Investments Group Ltd. trimmed its position in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,651 shares of the business services provider's stock after selling 16,150 shares during the quarter. Russell Investments Group Ltd. owned 0.19% of Insperity worth $5,399,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted 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 in the 3rd quarter valued at about $32,000. UMB Bank n.a. lifted its holdings in Insperity by 45.9% during the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock valued at $66,000 after purchasing an additional 267 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Insperity during the fourth quarter worth about $87,000. Finally, KBC Group NV increased its stake in shares of Insperity by 87.5% in the fourth quarter. KBC Group NV now owns 1,939 shares of the business services provider's stock worth $150,000 after purchasing an additional 905 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Arthur A. Arizpe sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total value of $508,080.00. Following the transaction, the chief operating officer now directly owns 72,551 shares in the company, valued at approximately $6,143,618.68. This represents a 7.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen H. Masterson purchased 1,755 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was bought at an average cost of $85.75 per share, with a total value of $150,491.25. Following the purchase, the director now owns 16,612 shares in the company, valued at approximately $1,424,479. This represents a 11.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NSP shares. Truist Financial dropped their price target on shares of Insperity from $88.00 to $82.00 and set a "hold" rating on the stock in a research note on Tuesday. StockNews.com upgraded 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 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 a consensus price target of $93.67.

Insperity Price Performance

Shares of NSP stock traded down $4.15 during trading hours on Friday, reaching $78.76. The stock had a trading volume of 564,027 shares, compared to its average volume of 332,789. The stock's fifty day simple moving average is $86.46 and its 200 day simple moving average is $81.96. The firm has a market capitalization of $2.93 billion, a PE ratio of 32.68 and a beta of 0.67. Insperity, Inc. has a 12 month low of $68.79 and a 12 month high of $109.80. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity's payout ratio is 99.59%.

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.