State of New Jersey Common Pension Fund D Increases Holdings in Insperity, Inc. (NYSE:NSP)

State of New Jersey Common Pension Fund D increased its stake in Insperity, Inc. (NYSE:NSP) by 10.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 21,183 shares of the business services provider’s stock after buying an additional 1,987 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Insperity worth $1,864,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NSP. Mawer Investment Management Ltd. grew its holdings in Insperity by 4.0% during the second quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider’s stock valued at $473,247,000 after purchasing an additional 197,309 shares during the period. Vanguard Group Inc. grew its stake in shares of Insperity by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock worth $428,696,000 after acquiring an additional 182,773 shares during the period. Earnest Partners LLC increased its holdings in Insperity by 2.5% in the 2nd quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider’s stock worth $120,733,000 after acquiring an additional 32,542 shares during the last quarter. Reinhart Partners LLC. raised its stake in Insperity by 6.7% in the 3rd quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider’s stock valued at $95,219,000 after acquiring an additional 68,160 shares during the period. Finally, Sei Investments Co. lifted its holdings in Insperity by 5.3% during the second quarter. Sei Investments Co. now owns 734,271 shares of the business services provider’s stock valued at $66,973,000 after purchasing an additional 37,091 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

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

Insperity Stock Performance

NYSE NSP opened at $73.32 on Tuesday. The company’s 50 day simple moving average is $84.61 and its two-hundred day simple moving average is $91.94. The stock has a market capitalization of $2.74 billion, a PE ratio of 23.28, a P/E/G ratio of 2.05 and a beta of 1.12. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. Insperity, Inc. has a 1 year low of $72.18 and a 1 year 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. This represents a $2.40 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity’s dividend payout ratio is 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.