Victory Capital Management Inc. Lowers Holdings in Insperity, Inc. (NYSE:NSP)

Victory Capital Management Inc. lowered its holdings in Insperity, Inc. (NYSE:NSP) by 22.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,130 shares of the business services provider’s stock after selling 26,458 shares during the quarter. Victory Capital Management Inc. owned 0.24% of Insperity worth $6,908,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Value Holdings Management CO. LLC lifted its holdings in Insperity by 4.2% in the fourth quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider’s stock valued at $18,432,000 after acquiring an additional 9,600 shares during the period. State Street Corp raised its stake in shares of Insperity by 0.9% during the 3rd quarter. State Street Corp now owns 1,287,058 shares of the business services provider’s stock worth $113,261,000 after buying an additional 11,123 shares during the last quarter. Reinhart Partners LLC. raised its stake in shares of Insperity by 8.3% during the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after buying an additional 89,809 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Insperity by 16.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider’s stock worth $13,259,000 after buying an additional 21,325 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Insperity by 129.7% during the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock worth $7,269,000 after buying an additional 46,625 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $95.67.

Insperity Stock Performance

Shares of NSP opened at $89.10 on Friday. The business’s 50 day moving average is $81.84 and its two-hundred day moving average is $82.61. Insperity, Inc. has a 52-week low of $68.79 and a 52-week high of $110.72. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 36.97 and a beta of 1.02. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Thursday, March 13th. Insperity’s dividend payout ratio is currently 99.59%.

Insider Activity at Insperity

In related news, COO Arthur A. Arizpe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was 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 owns 72,551 shares of the company’s stock, valued at $6,143,618.68. This trade represents a 7.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Paul J. Sarvadi sold 25,000 shares of the firm’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company’s stock.

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.