Insperity (NYSE:NSP) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Insperity (NYSE:NSPFree Report) from a strong-buy rating to a buy rating in a report issued on Friday.

Insperity Stock Down 1.0 %

Shares of NYSE:NSP opened at $95.36 on Friday. The stock’s 50-day moving average is $114.78 and its 200 day moving average is $106.57. The company has a market cap of $3.56 billion, a PE ratio of 21.38, a P/E/G ratio of 1.40 and a beta of 1.19. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.11 and a quick ratio of 1.12. Insperity has a 1 year low of $90.80 and a 1 year high of $131.09.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were given a dividend of $0.57 per share. The ex-dividend date was Friday, December 1st. This represents a $2.28 annualized dividend and a dividend yield of 2.39%. Insperity’s dividend payout ratio is presently 51.12%.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $113.64, for a total value of $1,363,680.00. Following the completion of the transaction, the chief executive officer now directly owns 489,650 shares in the company, valued at approximately $55,643,826. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Richard G. Rawson sold 5,000 shares of Insperity stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $117.50, for a total value of $587,500.00. Following the sale, the director now directly owns 84,643 shares of the company’s stock, valued at $9,945,552.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Paul J. Sarvadi sold 12,000 shares of Insperity stock in a transaction on Friday, November 24th. The stock was sold at an average price of $113.64, for a total transaction of $1,363,680.00. Following the completion of the transaction, the chief executive officer now directly owns 489,650 shares of the company’s stock, valued at $55,643,826. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,500 shares of company stock worth $2,351,440. Corporate insiders own 5.61% of the company’s stock.

Institutional Trading of Insperity

Several institutional investors have recently added to or reduced their stakes in the company. Earnest Partners LLC purchased a new stake in shares of Insperity in the 2nd quarter worth $99,729,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Insperity by 129.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 724,095 shares of the business services provider’s stock valued at $72,714,000 after purchasing an additional 409,174 shares in the last quarter. Norges Bank purchased a new position in Insperity during the fourth quarter valued at approximately $41,048,000. Sei Investments Co. raised its stake in Insperity by 1,519.6% in the second quarter. Sei Investments Co. now owns 374,284 shares of the business services provider’s stock worth $44,524,000 after buying an additional 351,174 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in Insperity in the third quarter worth approximately $27,529,000. Institutional investors own 91.05% of the company’s stock.

Insperity Company Profile

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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.

Further Reading

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