State of New Jersey Common Pension Fund D Buys 7,767 Shares of Insperity, Inc. (NYSE:NSP)

State of New Jersey Common Pension Fund D boosted its stake in shares of Insperity, Inc. (NYSE:NSP) by 36.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,950 shares of the business services provider’s stock after acquiring an additional 7,767 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Insperity were worth $2,244,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NSP. Wilmington Savings Fund Society FSB bought a new position in Insperity during the 3rd quarter worth $32,000. Millburn Ridgefield Corp bought a new position in Insperity during the 3rd quarter worth $53,000. UMB Bank n.a. increased its stake in shares of Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 267 shares during the last quarter. KBC Group NV increased its stake in shares of Insperity by 26.4% in the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 216 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of Insperity by 21.7% in the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 206 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NSP. StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Truist Financial decreased their price target on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $95.67.

Insider Activity at Insperity

In related news, Director Ellen H. Masterson bought 1,755 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were purchased at an average cost of $85.75 per share, with a total value of $150,491.25. Following the acquisition, the director now owns 16,612 shares of the company’s stock, valued at $1,424,479. This represents a 11.81 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of Insperity stock in a transaction dated Tuesday, February 11th. The stock was 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 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 currently owned by company insiders.

Insperity Trading Down 1.9 %

NYSE NSP opened at $84.94 on Friday. 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, Inc. has a twelve month low of $68.79 and a twelve month high of $110.72. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 35.25 and a beta of 1.13. The business’s fifty day moving average is $78.58 and its 200 day moving average is $83.14.

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.