Empowered Funds LLC Makes New $1.37 Million Investment in Insperity, Inc. (NYSE:NSP)

Empowered Funds LLC purchased a new stake in shares of Insperity, Inc. (NYSE:NSP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 17,715 shares of the business services provider’s stock, valued at approximately $1,373,000.

Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Insperity during the 3rd quarter worth $32,000. Millburn Ridgefield Corp bought a new stake in Insperity during the third quarter valued at about $53,000. UMB Bank n.a. boosted 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 acquiring an additional 267 shares during the period. KBC Group NV grew its position in shares of Insperity by 26.4% in the third quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 216 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of Insperity by 21.7% in the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after purchasing an additional 206 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total value of $2,108,000.00. Following the sale, the chief executive officer now owns 436,584 shares of the company’s stock, valued at $36,812,762.88. The trade was a 5.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ellen H. Masterson acquired 1,755 shares of Insperity stock in a transaction dated Wednesday, February 12th. The shares were acquired 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 directly owns 16,612 shares in the company, valued at $1,424,479. This trade represents a 11.81 % increase in their position. The disclosure for this purchase can be found here. 5.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Insperity in a research note on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price for the company. StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Finally, Truist Financial lowered their price objective on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $95.67.

Insperity Trading Up 1.5 %

Shares of NSP opened at $87.58 on Monday. The stock’s 50-day moving average price is $78.29 and its 200 day moving average price is $83.22. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 27.80 and a beta of 1.13. Insperity, Inc. has a 12-month low of $68.79 and a 12-month high of $110.72.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity’s dividend payout ratio is presently 76.19%.

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.