T. Rowe Price Investment Management Inc. Purchases Shares of 506,130 Insperity, Inc. (NYSE:NSP)

T. Rowe Price Investment Management Inc. acquired a new position in shares of Insperity, Inc. (NYSE:NSP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 506,130 shares of the business services provider's stock, valued at approximately $39,231,000. T. Rowe Price Investment Management Inc. owned about 1.36% of Insperity at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NSP. River Road Asset Management LLC bought a new position in shares of Insperity in the fourth quarter valued at approximately $47,513,000. Norges Bank bought a new stake in shares of Insperity during the 4th quarter valued at $31,587,000. First Trust Advisors LP raised its stake in shares of Insperity by 54.2% in the fourth quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock worth $83,299,000 after purchasing an additional 377,603 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Insperity by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider's stock worth $310,686,000 after purchasing an additional 167,560 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Insperity by 92.6% in the 4th quarter. JPMorgan Chase & Co. now owns 290,166 shares of the business services provider's stock worth $22,491,000 after buying an additional 139,497 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com downgraded Insperity from a "buy" rating to a "hold" rating in a research report on Wednesday. Truist Financial dropped their price target on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, Insperity has an average rating of "Hold" and a consensus target price of $89.67.

Insperity Price Performance

Insperity stock traded up $1.34 during trading hours on Friday, hitting $67.36. The stock had a trading volume of 104,042 shares, compared to its average volume of 344,282. Insperity, Inc. has a 1-year low of $61.54 and a 1-year high of $106.69. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 27.98 and a beta of 0.67. The stock's fifty day moving average is $84.28 and its two-hundred day moving average is $81.22. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08.

Insperity (NYSE:NSP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.44). The firm had revenue of $310.00 million during the quarter, compared to the consensus estimate of $1.87 billion. Insperity had a net margin of 1.38% and a return on equity of 72.22%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 earnings per share. As a group, analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders 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 yield of 3.56%. The ex-dividend date of this dividend was Thursday, March 13th. Insperity's dividend payout ratio (DPR) is 142.86%.

Insiders Place Their Bets

In other news, Director Ellen H. Masterson purchased 1,755 shares of Insperity stock in a transaction on Wednesday, February 12th. The stock was purchased at an average price of $85.75 per share, with a total value of $150,491.25. Following the transaction, the director now directly owns 16,612 shares in the company, valued at $1,424,479. The trade was a 11.81 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Arthur A. Arizpe sold 6,000 shares of the firm's stock in a transaction 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 sale, the chief operating officer now directly owns 72,551 shares of the company's stock, valued at $6,143,618.68. This represents a 7.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company's stock.

Insperity Company 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.