Insperity, Inc. (NYSE:NSP) Shares Acquired by KBC Group NV

KBC Group NV increased its holdings in shares of Insperity, Inc. (NYSE:NSP) by 26.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,034 shares of the business services provider’s stock after acquiring an additional 216 shares during the period. KBC Group NV’s holdings in Insperity were worth $91,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NSP. Oppenheimer Asset Management Inc. grew its holdings in Insperity by 23.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 23,178 shares of the business services provider’s stock valued at $2,040,000 after purchasing an additional 4,417 shares during the period. Victory Capital Management Inc. raised its stake in shares of Insperity by 65.7% during the 3rd quarter. Victory Capital Management Inc. now owns 115,588 shares of the business services provider’s stock worth $10,172,000 after buying an additional 45,820 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Insperity during the 3rd quarter valued at approximately $324,000. Entropy Technologies LP grew its stake in Insperity by 38.0% in the 3rd quarter. Entropy Technologies LP now owns 5,080 shares of the business services provider’s stock valued at $447,000 after acquiring an additional 1,400 shares during the period. Finally, Versor Investments LP purchased a new stake in Insperity in the 3rd quarter worth $370,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insperity Trading Up 3.0 %

Shares of NSP opened at $76.06 on Friday. The firm’s fifty day moving average is $83.54 and its two-hundred day moving average is $91.27. The stock has a market cap of $2.84 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.04 and a beta of 1.12. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. Insperity, Inc. has a 52-week low of $71.69 and a 52-week high of $119.40.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 3.16%. Insperity’s dividend payout ratio is presently 76.19%.

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.