Insperity, Inc. (NYSE:NSP) Sees Large Increase in Short Interest

by · The Markets Daily

Insperity, Inc. (NYSE:NSP – Get Free Report) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,300,000 shares, an increase of 21.7% from the January 31st total of 1,890,000 shares. Based on an average daily trading volume, of 426,000 shares, the short-interest ratio is presently 5.4 days. Approximately 6.5% of the company’s stock are sold short.

Insperity Price Performance

Insperity stock opened at $90.57 on Friday. Insperity has a 52 week low of $68.79 and a 52 week high of $110.72. The company’s 50 day moving average price is $80.61 and its two-hundred day moving average price is $82.73. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The stock has a market cap of $3.37 billion, a P/E ratio of 37.58 and a beta of 1.13.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.65%. Insperity’s dividend payout ratio is currently 99.59%.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 25,000 shares of the firm’s 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 transaction, the chief executive officer now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Arthur A. Arizpe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were 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 approximately $6,143,618.68. The trade was a 7.64 % decrease in their position. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Insperity

Several hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Insperity by 22.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 81,755 shares of the business services provider’s stock worth $6,337,000 after buying an additional 15,167 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Insperity by 35.2% in the 4th quarter. Voloridge Investment Management LLC now owns 184,517 shares of the business services provider’s stock worth $14,302,000 after purchasing an additional 48,010 shares during the period. Sovereign s Capital Management LLC bought a new stake in shares of Insperity in the 4th quarter worth approximately $3,959,000. Two Sigma Investments LP bought a new stake in shares of Insperity in the 4th quarter worth approximately $446,000. Finally, Snowden Capital Advisors LLC raised its holdings in shares of Insperity by 6.0% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider’s stock worth $255,000 after purchasing an additional 186 shares during the period. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $95.67.

Check Out Our Latest Stock Analysis on NSP

About Insperity

(Get Free Report)

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.

Featured Stories