Covestor Ltd Increases Position in Insperity, Inc. (NYSE:NSP)

Covestor Ltd increased its position in shares of Insperity, Inc. (NYSE:NSP) by 21.7% in the third quarter, HoldingsChannel.com reports. The firm owned 1,156 shares of the business services provider’s stock after acquiring an additional 206 shares during the quarter. Covestor Ltd’s holdings in Insperity were worth $102,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NSP. Atria Investments Inc boosted its position in shares of Insperity by 9.1% during the 3rd quarter. Atria Investments Inc now owns 4,672 shares of the business services provider’s stock worth $411,000 after acquiring an additional 389 shares in the last quarter. Markel Group Inc. boosted its holdings in Insperity by 32.6% in the third quarter. Markel Group Inc. now owns 70,143 shares of the business services provider’s stock valued at $6,173,000 after purchasing an additional 17,237 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Insperity by 69.9% in the third quarter. Harbor Capital Advisors Inc. now owns 105,952 shares of the business services provider’s stock valued at $9,324,000 after purchasing an additional 43,597 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Insperity by 9.0% in the third quarter. Janney Montgomery Scott LLC now owns 8,884 shares of the business services provider’s stock valued at $782,000 after purchasing an additional 733 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Insperity by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 4,108 shares of the business services provider’s stock worth $361,000 after purchasing an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Insperity in a research report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price on the stock. William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. Truist Financial decreased 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. Finally, StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Insperity currently has an average rating of “Hold” and an average price target of $95.67.

Insperity Price Performance

Shares of NYSE:NSP opened at $76.94 on Wednesday. Insperity, Inc. has a one year low of $74.32 and a one year high of $119.40. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 1.50 and a beta of 1.12. The company has a 50-day simple moving average of $85.73 and a 200-day simple moving average of $92.73. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.12%. The ex-dividend date was Thursday, September 5th. Insperity’s dividend payout ratio is presently 76.19%.

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.