EverSource Wealth Advisors LLC Trims Position in Insperity, Inc. (NYSE:NSP)

EverSource Wealth Advisors LLC decreased its position in shares of Insperity, Inc. (NYSE:NSP) by 22.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,401 shares of the business services provider’s stock after selling 706 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Insperity were worth $186,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Value Holdings Management CO. LLC grew its stake in shares of 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 purchasing an additional 9,600 shares during the period. State Street Corp grew its stake 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 worth $113,261,000 after purchasing an additional 11,123 shares during the period. Reinhart Partners LLC. grew its stake in shares of Insperity by 8.3% during the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after purchasing an additional 89,809 shares during the period. JPMorgan Chase & Co. grew its stake 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 purchasing an additional 21,325 shares during the period. Finally, Barclays PLC grew its stake in shares of Insperity by 129.7% during the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock worth $7,269,000 after purchasing an additional 46,625 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Price Performance

Insperity stock opened at $89.10 on Monday. The company’s fifty day moving average price is $81.84 and its 200 day moving average price is $82.47. Insperity, Inc. has a 1 year low of $68.79 and a 1 year high of $110.72. The stock has a market capitalization of $3.32 billion, a P/E ratio of 36.97 and a beta of 1.02. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a yield of 2.69%. Insperity’s dividend payout ratio is currently 99.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a research note 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 presently has a consensus rating of “Hold” and an average target price of $95.67.

Insider Activity at Insperity

In other news, Director Ellen H. Masterson acquired 1,755 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the acquisition, the director now owns 16,612 shares of the company’s stock, valued at approximately $1,424,479. This trade represents a 11.81 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of 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 disclosure for this sale can be found here. 5.50% of the stock is owned by corporate 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.