Insperity, Inc. (NYSE:NSP) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its stake in Insperity, Inc. (NYSE:NSP) by 15.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,385 shares of the business services provider’s stock after selling 2,193 shares during the quarter. Sanctuary Advisors LLC’s holdings in Insperity were worth $1,090,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NSP. Millburn Ridgefield Corp acquired a new stake in Insperity during the third quarter worth about $53,000. nVerses Capital LLC acquired a new stake in shares of Insperity during the 2nd quarter worth approximately $64,000. KBC Group NV raised 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 during the period. Quarry LP lifted its holdings in Insperity by 205.6% in the second 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 last quarter. Finally, Covestor Ltd grew its position in Insperity by 21.7% in the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after acquiring an additional 206 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Stock Performance

NYSE NSP opened at $76.11 on Friday. The company has a market cap of $2.85 billion, a P/E ratio of 24.16 and a beta of 1.15. Insperity, Inc. has a 1-year low of $71.69 and a 1-year high of $119.02. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a 50-day moving average of $80.47 and a two-hundred day moving average of $88.09.

Insperity Announces Dividend

The firm also recently announced 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. This represents a $2.40 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 10th. Insperity’s payout ratio is currently 76.19%.

Wall Street Analyst Weigh In

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