Victory Capital Management Inc. Boosts Holdings in Insperity, Inc. (NYSE:NSP)

Victory Capital Management Inc. boosted its position in shares of Insperity, Inc. (NYSE:NSP) by 65.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 115,588 shares of the business services provider’s stock after purchasing an additional 45,820 shares during the quarter. Victory Capital Management Inc. owned about 0.31% of Insperity worth $10,172,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NSP. nVerses Capital LLC purchased a new stake in shares of Insperity during the second quarter valued at approximately $64,000. EntryPoint Capital LLC increased its holdings in shares of Insperity by 164.3% in the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock worth $94,000 after purchasing an additional 534 shares in the last quarter. Quarry LP raised its stake 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 worth $99,000 after purchasing an additional 732 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Insperity by 21.7% during the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 206 shares in the last quarter. Finally, Accordant Advisory Group Inc purchased a new stake in shares of Insperity during the second quarter valued at $109,000. 93.44% of the stock is currently owned by institutional investors.

Insperity Stock Performance

NSP opened at $73.17 on Thursday. The company’s 50 day moving average is $84.05 and its 200 day moving average is $91.52. 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 market cap of $2.74 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.05 and a beta of 1.12. Insperity, Inc. has a 12-month low of $71.69 and a 12-month high of $119.40.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. William Blair cut shares of Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. started coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price objective on the stock. 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 report on Friday, November 1st. Finally, StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a 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. Based on data from MarketBeat.com, Insperity currently has a consensus rating of “Hold” and a consensus price target of $95.67.

Insperity Company 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.