Raymond James & Associates Trims Stock Position in Insperity, Inc. (NYSE:NSP)

Raymond James & Associates reduced its stake in shares of Insperity, Inc. (NYSE:NSP – Get Rating) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,756 shares of the business services provider’s stock after selling 1,703 shares during the quarter. Raymond James & Associates owned approximately 0.09% of Insperity worth $3,721,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Insperity during the 3rd quarter valued at $25,000. U.S. Capital Wealth Advisors LLC purchased a new position in Insperity during the 4th quarter valued at $28,000. Ronald Blue Trust Inc. purchased a new position in Insperity during the 4th quarter valued at $25,000. Point72 Hong Kong Ltd purchased a new position in Insperity during the 1st quarter valued at $124,000. Finally, Van ECK Associates Corp purchased a new position in Insperity during the 4th quarter valued at $186,000. 90.19% of the stock is owned by hedge funds and other institutional investors.

Insperity Stock Performance

Shares of NSP stock opened at $110.47 on Friday. Insperity, Inc. has a one year low of $87.74 and a one year high of $131.09. The company’s 50-day moving average is $118.49 and its 200 day moving average is $117.14. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.17 and a current ratio of 1.17.

Insperity Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.06%. This is an increase from Insperity’s previous quarterly dividend of $0.52. The ex-dividend date is Wednesday, June 7th. Insperity’s dividend payout ratio is 39.32%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of Insperity in a research report on Thursday, April 27th. StockNews.com assumed coverage on shares of Insperity in a research report on Thursday, May 18th. They issued a “strong-buy” rating on the stock. 22nd Century Group reaffirmed a “maintains” rating on shares of Insperity in a research report on Thursday, April 27th. Finally, Truist Financial downgraded shares of Insperity from a “buy” rating to a “hold” rating and set a $128.00 target price on the stock. in a research report on Monday, April 24th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $133.50.

Insider Activity at Insperity

In related news, CEO Paul J. Sarvadi sold 840 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $124.12, for a total transaction of $104,260.80. Following the sale, the chief executive officer now directly owns 550,288 shares of the company’s stock, valued at approximately $68,301,746.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Insperity news, CFO Douglas S. Sharp sold 5,159 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $123.78, for a total transaction of $638,581.02. Following the transaction, the chief financial officer now owns 21,015 shares in the company, valued at approximately $2,601,236.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul J. Sarvadi sold 840 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $124.12, for a total transaction of $104,260.80. Following the transaction, the chief executive officer now owns 550,288 shares in the company, valued at approximately $68,301,746.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,999 shares of company stock valued at $1,523,742. 5.61% of the stock is owned by insiders.

Insperity Profile

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Insperity, Inc engages in the provision of human resources and business solutions designed to help improve business performance. The firm also offers payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management, and training and development services, along with cloud-based human capital management platform.