First Trust Advisors LP Buys 377,603 Shares of Insperity, Inc. (NYSE:NSP)

First Trust Advisors LP raised its position in Insperity, Inc. (NYSE:NSP - Free Report) by 54.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,074,691 shares of the business services provider's stock after purchasing an additional 377,603 shares during the quarter. First Trust Advisors LP owned approximately 2.88% of Insperity worth $83,299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its position in shares of Insperity by 493.2% during the 4th 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 during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Insperity during the 3rd quarter worth about $32,000. UMB Bank n.a. lifted its position in shares of Insperity by 45.9% during the 4th 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. New Age Alpha Advisors LLC acquired a new position in shares of Insperity during the 4th quarter worth about $87,000. Finally, Covestor Ltd lifted its position in shares of Insperity by 12.6% during the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock worth $101,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NSP. Truist Financial decreased their price target on shares of Insperity from $88.00 to $82.00 and set a "hold" rating on the stock in a research note on Tuesday, April 15th. StockNews.com upgraded shares of Insperity from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $93.67.

Insider Activity at Insperity

In other Insperity news, Director Ellen H. Masterson purchased 1,755 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average cost of $85.75 per share, with a total value of $150,491.25. Following the completion of the acquisition, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of Insperity stock in a transaction dated 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 directly owns 436,584 shares of the company's stock, valued at $36,812,762.88. This represents 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 Price Performance

Shares of Insperity stock traded up $0.72 during trading on Friday, reaching $78.93. The company's stock had a trading volume of 362,352 shares, compared to its average volume of 334,427. The stock has a 50-day moving average price of $85.62 and a two-hundred day moving average price of $81.65. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. Insperity, Inc. has a one year low of $68.79 and a one year high of $106.69. The stock has a market capitalization of $2.97 billion, a P/E ratio of 32.75 and a beta of 0.67.

Insperity Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.60 dividend. The ex-dividend date was Thursday, March 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.04%. Insperity's dividend payout ratio is 99.59%.

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.