New York State Teachers Retirement System Sells 1,100 Shares of Insperity, Inc. (NYSE:NSP)

New York State Teachers Retirement System decreased its holdings in Insperity, Inc. (NYSE:NSP) by 2.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 46,728 shares of the business services provider’s stock after selling 1,100 shares during the quarter. New York State Teachers Retirement System’s holdings in Insperity were worth $4,112,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new position in Insperity in the 2nd quarter valued at $64,000. EntryPoint Capital LLC raised its position in shares of Insperity by 164.3% during the first quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock worth $94,000 after acquiring an additional 534 shares during the last quarter. Quarry LP raised its position in shares of Insperity by 205.6% during the second quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after acquiring an additional 732 shares during the last quarter. Accordant Advisory Group Inc bought a new stake in shares of Insperity during the second quarter worth $109,000. Finally, Covestor Ltd raised its position in shares of Insperity by 264.7% during the first quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock worth $114,000 after acquiring an additional 757 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insperity Trading Up 8.8 %

NYSE NSP opened at $82.98 on Thursday. Insperity, Inc. has a 12 month low of $74.32 and a 12 month high of $119.40. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $3.12 billion, a PE ratio of 26.34, a P/E/G ratio of 1.42 and a beta of 1.12. The stock has a 50-day simple moving average of $86.53 and a 200 day simple moving average of $93.45.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.60 dividend. The ex-dividend date was Thursday, September 5th. This represents a $2.40 dividend on an annualized basis and a yield of 2.89%. Insperity’s payout ratio is 76.19%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NSP. Truist Financial dropped their target price on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 1st. William Blair downgraded Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on Insperity in a report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective for the company. Finally, StockNews.com downgraded Insperity from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $95.67.

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.