Insperity, Inc. (NYSE:NSP) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its position in shares of Insperity, Inc. (NYSE:NSP) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,356 shares of the business services provider’s stock after purchasing an additional 2,971 shares during the period. Sanctuary Advisors LLC’s holdings in Insperity were worth $1,150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in Insperity by 0.9% during the 3rd quarter. State Street Corp now owns 1,287,058 shares of the business services provider’s stock valued at $113,261,000 after purchasing an additional 11,123 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Insperity by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,260,768 shares of the business services provider’s stock valued at $110,948,000 after purchasing an additional 59,216 shares during the period. Reinhart Partners LLC. boosted its stake in Insperity by 8.3% during the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock valued at $90,830,000 after purchasing an additional 89,809 shares during the period. Geode Capital Management LLC boosted its stake in Insperity by 16.7% during the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock valued at $85,254,000 after purchasing an additional 138,837 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Insperity by 32.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock valued at $77,645,000 after purchasing an additional 215,206 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Insperity Stock Up 2.7 %

NSP stock opened at $87.84 on Wednesday. Insperity, Inc. has a 52 week low of $68.79 and a 52 week high of $110.72. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 36.45 and a beta of 1.13. The firm’s 50-day moving average is $78.76 and its two-hundred day moving average is $82.90. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80.

Insiders Place Their Bets

In other Insperity news, Director Ellen H. Masterson bought 1,755 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the acquisition, the director now directly owns 16,612 shares of the company’s stock, valued at $1,424,479. This trade represents a 11.81 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Paul J. Sarvadi sold 25,000 shares of the business’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 completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. 5.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NSP shares. Truist Financial reduced their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 1st. 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 assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $95.67.

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.