BNP Paribas Financial Markets Sells 3,290 Shares of Insperity, Inc. (NYSE:NSP)

BNP Paribas Financial Markets cut its holdings in Insperity, Inc. (NYSE:NSP) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,641 shares of the business services provider’s stock after selling 3,290 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.09% of Insperity worth $3,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NSP. Principal Securities Inc. bought a new stake in shares of Insperity in the 4th quarter worth approximately $32,000. GAMMA Investing LLC bought a new stake in Insperity in the fourth quarter valued at $34,000. SRS Capital Advisors Inc. increased its position in Insperity by 387.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 375 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 298 shares during the period. Hexagon Capital Partners LLC raised its holdings in Insperity by 1,600.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 391 shares of the business services provider’s stock worth $46,000 after purchasing an additional 368 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Insperity in the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NSP. TheStreet cut shares of Insperity from a “b” rating to a “c+” rating in a research report on Monday, February 12th. William Blair reiterated an “outperform” rating on shares of Insperity in a report on Friday, May 17th. StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, Robert W. Baird lifted their price target on Insperity from $105.00 to $109.00 and gave the company a “neutral” rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $109.50.

Insiders Place Their Bets

In other news, CFO Douglas S. Sharp sold 5,212 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $104.47, for a total transaction of $544,497.64. Following the completion of the transaction, the chief financial officer now directly owns 28,516 shares in the company, valued at $2,979,066.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.50% of the company’s stock.

Insperity Price Performance

Shares of NSP opened at $103.67 on Wednesday. The firm’s 50-day simple moving average is $104.91 and its two-hundred day simple moving average is $108.43. Insperity, Inc. has a fifty-two week low of $90.80 and a fifty-two week high of $128.91. The stock has a market cap of $3.90 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.16. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.15 and a current ratio of 1.15.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, March 6th. Insperity’s payout ratio is 55.75%.

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.