Rhumbline Advisers Increases Position in Insperity, Inc. (NYSE:NSP)

Rhumbline Advisers increased its position in Insperity, Inc. (NYSE:NSP) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,690 shares of the business services provider’s stock after acquiring an additional 3,431 shares during the period. Rhumbline Advisers’ holdings in Insperity were worth $9,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Insperity by 14.6% in the third quarter. Creative Planning now owns 4,104 shares of the business services provider’s stock worth $361,000 after purchasing an additional 522 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Insperity by 13.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,812 shares of the business services provider’s stock worth $1,897,000 after buying an additional 2,530 shares during the period. Arkadios Wealth Advisors raised its position in Insperity by 27.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,765 shares of the business services provider’s stock worth $419,000 after buying an additional 1,017 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Insperity by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,108 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 280 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Insperity by 9.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,884 shares of the business services provider’s stock valued at $782,000 after acquiring an additional 733 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Price Performance

Shares of NYSE NSP opened at $85.74 on Tuesday. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 35.58 and a beta of 1.13. The firm’s 50 day simple moving average is $78.61 and its 200-day simple moving average is $82.95. Insperity, Inc. has a 12 month low of $68.79 and a 12 month high of $110.72.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Truist Financial cut their price target on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $95.67.

Insider Buying and Selling

In other Insperity news, Director Ellen H. Masterson acquired 1,755 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the completion of the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total value of $508,080.00. Following the transaction, the chief operating officer now owns 72,551 shares in the company, valued at $6,143,618.68. This trade represents a 7.64 % decrease in their position. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by insiders.

Insperity 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.