Insperity, Inc. (NYSE:NSP) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in Insperity, Inc. (NYSE:NSP) by 6.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,321 shares of the business services provider’s stock after selling 1,050 shares during the period. Amalgamated Bank’s holdings in Insperity were worth $1,436,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NSP. nVerses Capital LLC acquired a new position in Insperity in the 2nd quarter worth about $64,000. EntryPoint Capital LLC grew its holdings in Insperity by 164.3% in the first quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 534 shares during the period. Quarry LP increased its position in shares of 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 buying an additional 732 shares in the last quarter. Accordant Advisory Group Inc acquired a new position in shares of Insperity during the 2nd quarter worth approximately $109,000. Finally, Covestor Ltd lifted its position in shares of Insperity by 264.7% during the 1st quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock valued at $114,000 after buying an additional 757 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insperity Price Performance

Insperity stock opened at $77.56 on Thursday. The company has a fifty day simple moving average of $85.42 and a 200-day simple moving average of $92.54. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 2.16 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 $74.32 and a 52-week high of $119.40.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 annualized dividend and a yield of 3.09%. Insperity’s dividend payout ratio is presently 76.19%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NSP. JPMorgan Chase & Co. started coverage on shares of Insperity in a report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target for the company. Truist Financial cut their target price 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 lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. Finally, StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating and four have issued 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 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.