Wells Fargo & Company MN Reduces Stock Position in Insperity, Inc. (NYSE:NSP)

Wells Fargo & Company MN reduced its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,308 shares of the business services provider's stock after selling 17,166 shares during the period. Wells Fargo & Company MN owned 0.44% of Insperity worth $12,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Value Holdings Management CO. LLC grew its position in shares of Insperity by 4.2% in the 4th quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider's stock valued at $18,432,000 after buying an additional 9,600 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Insperity by 493.2% in the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. Reinhart Partners LLC. grew its holdings in shares of Insperity by 8.3% during the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider's stock worth $90,830,000 after purchasing an additional 89,809 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Insperity by 16.5% during the third quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider's stock worth $13,259,000 after purchasing an additional 21,325 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Insperity by 129.7% in the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider's stock valued at $7,269,000 after purchasing an additional 46,625 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insperity Stock Performance

NSP stock traded down $4.15 during trading on Friday, hitting $78.76. The company had a trading volume of 564,027 shares, compared to its average volume of 333,204. The firm has a 50-day moving average price of $86.46 and a 200-day moving average price of $81.91. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The firm has a market cap of $2.93 billion, a PE ratio of 32.68 and a beta of 0.67. Insperity, Inc. has a 1-year low of $68.79 and a 1-year high of $109.80.

Insperity Dividend Announcement

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

Insider Transactions at Insperity

In other news, CEO Paul J. Sarvadi sold 25,000 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were 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 in the company, valued at $36,812,762.88. The trade was a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Arthur A. Arizpe sold 6,000 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total transaction of $508,080.00. Following the completion of the sale, the chief operating officer now owns 72,551 shares of the company's stock, valued at approximately $6,143,618.68. The trade was a 7.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NSP. Truist Financial dropped their price target on Insperity from $88.00 to $82.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. StockNews.com upgraded shares of Insperity from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. One 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $93.67.

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.