Vestcor Inc Increases Stock Position in Insperity, Inc. (NYSE:NSP)

Vestcor Inc boosted its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 72.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,136 shares of the business services provider's stock after buying an additional 2,997 shares during the period. Vestcor Inc's holdings in Insperity were worth $553,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NSP. River Road Asset Management LLC bought a new stake in shares of Insperity in the 4th quarter worth $47,513,000. Massachusetts Financial Services Co. MA grew its stake in shares of Insperity by 32.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider's stock worth $77,645,000 after acquiring an additional 215,206 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Insperity by 16.7% in the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider's stock worth $85,254,000 after acquiring an additional 138,837 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Insperity in the 4th quarter worth $10,390,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Insperity in the 3rd quarter worth $8,690,000. Institutional investors and hedge funds own 93.44% of the company's stock.

Insider Activity at Insperity

In other news, Director Ellen H. Masterson purchased 1,755 shares of the stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average cost of $85.75 per share, with a total value of $150,491.25. Following the completion of the acquisition, the director now owns 16,612 shares in the company, valued at $1,424,479. This represents a 11.81 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. 5.50% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $95.67.

Insperity Stock Performance

NSP traded up $0.40 during trading on Wednesday, hitting $90.75. 406,133 shares of the company traded hands, compared to its average volume of 303,842. The firm has a market cap of $3.38 billion, a P/E ratio of 37.66 and a beta of 1.02. The stock's fifty day moving average is $82.65 and its 200 day moving average is $82.47. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. Insperity, Inc. has a one year low of $68.79 and a one year high of $110.72.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $2.40 annualized dividend and a yield of 2.64%. Insperity's payout ratio is currently 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.