Alliancebernstein L.P. Has $5.56 Million Stake in Insperity, Inc. (NYSE:NSP)

Alliancebernstein L.P. reduced its position in Insperity, Inc. (NYSE:NSP) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,697 shares of the business services provider’s stock after selling 466 shares during the quarter. Alliancebernstein L.P.’s holdings in Insperity were worth $5,557,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of NSP. Value Holdings Management CO. LLC grew its holdings in Insperity by 4.2% during the 4th quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider’s stock worth $18,432,000 after acquiring an additional 9,600 shares during the period. State Street Corp boosted its position 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 valued at $113,261,000 after purchasing an additional 11,123 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Insperity by 493.2% in the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after purchasing an additional 291 shares in the last quarter. Reinhart Partners LLC. lifted its stake in Insperity by 8.3% in the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock valued at $90,830,000 after buying an additional 89,809 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings 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 in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Insperity

In other news, CEO Paul J. Sarvadi sold 25,000 shares of the business’s stock in a transaction that occurred on 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 owns 436,584 shares in the company, valued at $36,812,762.88. The trade was a 5.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ellen H. Masterson purchased 1,755 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of $85.75 per share, with a total value 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. The trade was a 11.81 % increase in their position. The disclosure for this purchase can be found here. 5.50% of the stock is currently owned by insiders.

Insperity Trading Up 2.6 %

NYSE NSP opened at $85.10 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 52 week low of $68.79 and a 52 week high of $109.80. The business has a 50 day moving average price of $85.91 and a 200-day moving average price of $82.10. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 35.31 and a beta of 0.67.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date was Thursday, March 13th. Insperity’s dividend payout ratio is currently 99.59%.

Wall Street Analyst Weigh In

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

About Insperity

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.