Insperity, Inc. (NYSE:NSP) Shares Bought by State Street Corp

State Street Corp lifted its position in shares of Insperity, Inc. (NYSE:NSP) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,287,058 shares of the business services provider’s stock after acquiring an additional 11,123 shares during the quarter. State Street Corp’s holdings in Insperity were worth $113,261,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. increased its position in Insperity by 4.0% during the 2nd quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider’s stock worth $473,247,000 after purchasing an additional 197,309 shares during the period. Earnest Partners LLC boosted its stake in shares of Insperity by 2.5% in the second quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider’s stock valued at $120,733,000 after buying an additional 32,542 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Insperity by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,260,768 shares of the business services provider’s stock worth $110,948,000 after acquiring an additional 59,216 shares during the period. Reinhart Partners LLC. raised its position in Insperity by 6.7% in the third quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider’s stock worth $95,219,000 after acquiring an additional 68,160 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Insperity by 32.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock valued at $77,645,000 after acquiring an additional 215,206 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insperity Stock Performance

Shares of NSP opened at $83.37 on Monday. Insperity, Inc. has a 12-month low of $71.69 and a 12-month high of $119.40. The stock has a market cap of $3.12 billion, a P/E ratio of 26.47 and a beta of 1.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. The company has a 50-day moving average of $81.31 and a two-hundred day moving average of $88.70.

Insperity Dividend Announcement

The business 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 $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Tuesday, December 10th. Insperity’s payout ratio is currently 76.19%.

Wall Street Analysts Forecast Growth

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