Insperity, Inc. (NYSE:NSP) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of Insperity, Inc. (NYSE:NSP) by 39.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,607 shares of the business services provider’s stock after selling 54,216 shares during the period. Principal Financial Group Inc. owned approximately 0.22% of Insperity worth $7,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of NSP. Harbor Capital Advisors Inc. raised its position in shares of Insperity by 69.9% in the third quarter. Harbor Capital Advisors Inc. now owns 105,952 shares of the business services provider’s stock worth $9,324,000 after acquiring an additional 43,597 shares during the period. Janney Montgomery Scott LLC lifted its position in Insperity by 9.0% during the third quarter. Janney Montgomery Scott LLC now owns 8,884 shares of the business services provider’s stock worth $782,000 after buying an additional 733 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Insperity by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,108 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 280 shares during the last quarter. Arkadios Wealth Advisors raised its stake in Insperity by 27.1% during the third quarter. Arkadios Wealth Advisors now owns 4,765 shares of the business services provider’s stock worth $419,000 after purchasing an additional 1,017 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Insperity by 13.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,812 shares of the business services provider’s stock valued at $1,897,000 after acquiring an additional 2,530 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Stock Performance

NYSE:NSP opened at $72.51 on Wednesday. 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 firm has a market cap of $2.71 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 2.05 and a beta of 1.12. Insperity, Inc. has a 1-year low of $71.70 and a 1-year high of $119.40. The firm’s fifty day moving average price is $84.35 and its 200 day moving average price is $91.73.

Analysts Set New Price Targets

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