New York State Teachers Retirement System Sells 1,000 Shares of Insperity, Inc. (NYSE:NSP)

New York State Teachers Retirement System trimmed its position in shares of Insperity, Inc. (NYSE:NSP) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,728 shares of the business services provider’s stock after selling 1,000 shares during the quarter. New York State Teachers Retirement System owned about 0.12% of Insperity worth $3,544,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NSP. Creative Planning lifted its position in shares of Insperity by 14.6% during the third quarter. Creative Planning now owns 4,104 shares of the business services provider’s stock valued at $361,000 after buying an additional 522 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Insperity by 10.8% during the third quarter. Blue Trust Inc. now owns 3,413 shares of the business services provider’s stock valued at $311,000 after buying an additional 333 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of Insperity by 15.2% during the third quarter. Legacy Wealth Asset Management LLC now owns 11,621 shares of the business services provider’s stock valued at $1,023,000 after buying an additional 1,529 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Insperity by 13.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,812 shares of the business services provider’s stock valued at $1,897,000 after buying an additional 2,530 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in shares of Insperity by 27.1% during the third quarter. Arkadios Wealth Advisors now owns 4,765 shares of the business services provider’s stock valued at $419,000 after buying an additional 1,017 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Insperity

In other Insperity news, COO Arthur A. Arizpe sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 72,551 shares of the company’s stock, valued at approximately $6,143,618.68. This trade represents a 7.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Paul J. Sarvadi sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 436,584 shares of the company’s stock, valued at $36,812,762.88. This represents 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 currently owned by insiders.

Insperity Stock Performance

Shares of Insperity stock opened at $84.94 on Friday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 35.25 and a beta of 1.13. 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 company has a 50 day moving average price of $78.58 and a 200 day moving average price of $83.14. Insperity, Inc. has a 52 week low of $68.79 and a 52 week high of $110.72.

Analysts Set New Price Targets

NSP has been the subject of several analyst reports. Truist Financial decreased their price target on shares of Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 1st. StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $95.67.

Insperity 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.