Advisors Asset Management Inc. Reduces Position in Insperity, Inc. (NYSE:NSP)

Advisors Asset Management Inc. trimmed its stake in Insperity, Inc. (NYSE:NSP) by 37.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,809 shares of the business services provider’s stock after selling 4,656 shares during the period. Advisors Asset Management Inc.’s holdings in Insperity were worth $687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of NSP. nVerses Capital LLC bought a new stake in Insperity during the second quarter valued at about $64,000. KBC Group NV lifted its position 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 valued at $91,000 after buying an additional 216 shares in the last quarter. Quarry LP grew its stake in shares of Insperity by 205.6% during the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 732 shares during the period. Covestor Ltd increased its holdings in Insperity by 21.7% in the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after acquiring an additional 206 shares in the last quarter. Finally, Accordant Advisory Group Inc bought a new stake in Insperity during the 2nd quarter worth approximately $109,000. 93.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NSP has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 1st. William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on Insperity in a research report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective on the stock. Finally, StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Insperity currently has a consensus rating of “Hold” and a consensus price target of $95.67.

Insperity Stock Performance

Shares of NYSE NSP opened at $78.52 on Wednesday. The company has a market cap of $2.94 billion, a P/E ratio of 24.93, a P/E/G ratio of 2.14 and a beta of 1.12. Insperity, Inc. has a 52-week low of $71.69 and a 52-week high of $119.40. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s fifty day moving average is $82.90 and its two-hundred day moving average is $90.52.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.06%. Insperity’s dividend payout ratio (DPR) is 76.19%.

Insperity Company 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.