Raymond James Financial Inc. Makes New $10.39 Million Investment in Insperity, Inc. (NYSE:NSP)

Raymond James Financial Inc. acquired a new stake in Insperity, Inc. (NYSE:NSP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 134,053 shares of the business services provider’s stock, valued at approximately $10,390,000. Raymond James Financial Inc. owned about 0.36% of Insperity at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp raised its position in Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 291 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Insperity during the 3rd quarter worth $32,000. Millburn Ridgefield Corp acquired a new position in Insperity in the third quarter valued at $53,000. UMB Bank n.a. raised its holdings in shares of Insperity by 45.9% in the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after buying an additional 267 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Insperity by 26.4% during the third quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after buying an additional 216 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Insperity news, Director Ellen H. Masterson bought 1,755 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the transaction, the director now owns 16,612 shares of the company’s stock, valued at approximately $1,424,479. This trade represents a 11.81 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $508,080.00. Following the completion of the sale, the chief operating officer now directly owns 72,551 shares of the company’s stock, valued at $6,143,618.68. This represents a 7.64 % 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 corporate insiders.

Insperity Stock Performance

Shares of NSP opened at $87.34 on Friday. The stock has a market capitalization of $3.25 billion, a P/E ratio of 36.24 and a beta of 1.02. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. Insperity, Inc. has a 1 year low of $68.79 and a 1 year high of $110.72. The company’s fifty day moving average is $82.88 and its two-hundred day moving average is $82.50.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.75%. Insperity’s dividend payout ratio (DPR) is 99.59%.

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.