Raymond James Financial Inc. Invests $10.39 Million in Insperity, Inc. (NYSE:NSP)

Raymond James Financial Inc. bought a new stake in Insperity, Inc. (NYSE:NSP) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 134,053 shares of the business services provider’s stock, valued at approximately $10,390,000.

Other large investors have also recently bought and sold shares of the company. Atria Investments Inc lifted its position in shares of Insperity by 9.1% in the third quarter. Atria Investments Inc now owns 4,672 shares of the business services provider’s stock valued at $411,000 after acquiring an additional 389 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Insperity in the 3rd quarter valued at about $324,000. Victory Capital Management Inc. lifted its holdings in Insperity by 65.7% in the 3rd quarter. Victory Capital Management Inc. now owns 115,588 shares of the business services provider’s stock valued at $10,172,000 after purchasing an additional 45,820 shares in the last quarter. KBC Group NV boosted its stake in shares of Insperity by 26.4% during the 3rd 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, Natixis Advisors LLC grew its holdings in shares of Insperity by 27.4% during the third quarter. Natixis Advisors LLC now owns 65,016 shares of the business services provider’s stock worth $5,721,000 after buying an additional 13,981 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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 issued a buy rating to the company. Based on data from MarketBeat, Insperity has an average rating of “Hold” and an average price target of $95.67.

Insider Transactions at Insperity

In related news, 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 transaction, the chief executive officer now directly owns 436,584 shares of the company’s stock, valued at approximately $36,812,762.88. This trade represents a 5.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ellen H. Masterson bought 1,755 shares of Insperity stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the acquisition, the director now directly owns 16,612 shares of the company’s stock, valued at $1,424,479. The trade was a 11.81 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.50% of the company’s stock.

Insperity Stock Performance

Insperity stock opened at $87.34 on Friday. The stock has a fifty day moving average price of $82.88 and a 200 day moving average price of $82.50. Insperity, Inc. has a 52 week low of $68.79 and a 52 week high of $110.72. The firm has a market capitalization of $3.25 billion, a P/E ratio of 36.24 and a beta of 1.02. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, March 13th. Insperity’s dividend payout ratio is currently 99.59%.

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.