First Horizon Advisors Inc. Has $35,000 Stock Position in Insperity, Inc. (NYSE:NSP)

First Horizon Advisors Inc. cut its holdings in Insperity, Inc. (NYSE:NSP) by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 452 shares of the business services provider’s stock after selling 210 shares during the period. First Horizon Advisors Inc.’s holdings in Insperity were worth $35,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Insperity in the third quarter valued at $32,000. Millburn Ridgefield Corp acquired a new position in Insperity during the third quarter worth about $53,000. UMB Bank n.a. grew its holdings in shares of Insperity by 45.9% during the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock worth $66,000 after purchasing an additional 267 shares during the last quarter. KBC Group NV grew its holdings in shares of Insperity by 26.4% during the third quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after purchasing an additional 216 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Insperity by 21.7% in the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 206 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insperity Stock Up 0.9 %

Shares of NYSE NSP opened at $87.99 on Friday. The business has a 50-day simple moving average of $79.33 and a two-hundred day simple moving average of $82.94. Insperity, Inc. has a 52 week low of $68.79 and a 52 week high of $110.72. The company has a market cap of $3.28 billion, a P/E ratio of 36.51 and a beta of 1.13. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.73%. Insperity’s payout ratio is currently 99.59%.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 25,000 shares of Insperity 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 directly owns 436,584 shares of the company’s stock, valued at $36,812,762.88. The trade was a 5.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Arthur A. Arizpe sold 6,000 shares of Insperity stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total value of $508,080.00. Following the completion of the transaction, the chief operating officer now directly owns 72,551 shares in the company, valued at $6,143,618.68. This trade represents a 7.64 % 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 insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on NSP. StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Truist Financial decreased their target price on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.