Cibc World Markets Corp Buys Shares of 3,360 Insperity, Inc. (NYSE:NSP)

Cibc World Markets Corp bought a new stake in shares of Insperity, Inc. (NYSE:NSP) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,360 shares of the business services provider’s stock, valued at approximately $260,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. boosted its stake in Insperity by 11.6% during the 4th quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 211 shares during the last quarter. UMB Bank n.a. lifted its position 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. Jones Financial Companies Lllp grew its stake 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. Wilmington Savings Fund Society FSB bought a new stake in Insperity in the third quarter valued at about $32,000. Finally, Swiss National Bank raised its stake in Insperity by 0.6% during the fourth quarter. Swiss National Bank now owns 70,100 shares of the business services provider’s stock valued at $5,433,000 after buying an additional 400 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Insperity Trading Down 0.9 %

NYSE NSP opened at $88.17 on Wednesday. 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, Inc. has a one year low of $68.79 and a one year high of $110.72. The company has a 50-day simple moving average of $83.57 and a 200-day simple moving average of $82.33. The firm has a market capitalization of $3.28 billion, a PE ratio of 36.59 and a beta of 1.02.

Insperity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, March 13th. Insperity’s dividend payout ratio (DPR) is presently 99.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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 issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Insperity currently has a consensus rating of “Hold” and an average target price of $95.67.

Insider Transactions at Insperity

In related news, COO Arthur A. Arizpe sold 6,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total transaction 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 represents a 7.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 436,584 shares in the company, 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. Insiders own 5.50% of the company’s stock.

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.