Insperity, Inc. (NYSE:NSP) Shares Sold by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. lessened its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 46.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,750 shares of the business services provider's stock after selling 9,503 shares during the period. Summit Investment Advisors Inc.'s holdings in Insperity were worth $833,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. HighTower Advisors LLC boosted its holdings in Insperity by 6.6% in the third 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 in the last quarter. Stifel Financial Corp boosted its stake in Insperity by 5.8% in the 3rd quarter. Stifel Financial Corp now owns 25,484 shares of the business services provider's stock worth $2,243,000 after purchasing an additional 1,405 shares in the last quarter. Barclays PLC grew its position in Insperity by 129.7% during the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider's stock worth $7,269,000 after purchasing an additional 46,625 shares during the last quarter. Geode Capital Management LLC increased its stake in Insperity by 16.7% during the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider's stock valued at $85,254,000 after purchasing an additional 138,837 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Insperity in the third quarter worth $32,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Activity

In other Insperity news, Director Ellen H. Masterson bought 1,755 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the transaction, the director now directly owns 16,612 shares of the company's stock, valued at approximately $1,424,479. The trade was a 11.81 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Arthur A. Arizpe sold 6,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total value of $508,080.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 5.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NSP shares. Truist Financial cut their target price on Insperity from $88.00 to $82.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. StockNews.com upgraded Insperity from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $93.67.

Insperity Stock Performance

NYSE NSP traded up $0.87 on Wednesday, reaching $79.48. 55,372 shares of the company's stock traded hands, compared to its average volume of 332,194. Insperity, Inc. has a fifty-two week low of $68.79 and a fifty-two week high of $109.80. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 32.98 and a beta of 0.67. The stock has a 50 day moving average price of $86.14 and a 200-day moving average price of $81.82.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.02%. 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.