Mutual of America Capital Management LLC Sells 1,208 Shares of Insperity, Inc. (NYSE:NSP)

Mutual of America Capital Management LLC lowered its stake in shares of Insperity, Inc. (NYSE:NSP) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,275 shares of the business services provider’s stock after selling 1,208 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Insperity worth $1,696,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Natixis Advisors LLC lifted its stake in Insperity by 27.4% in the third quarter. Natixis Advisors LLC now owns 65,016 shares of the business services provider’s stock worth $5,721,000 after purchasing an additional 13,981 shares during the last quarter. KBC Group NV lifted its stake in shares of Insperity by 26.4% during the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after acquiring an additional 216 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Insperity by 23.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,178 shares of the business services provider’s stock valued at $2,040,000 after acquiring an additional 4,417 shares during the period. Victory Capital Management Inc. grew its position in Insperity by 65.7% in the 3rd quarter. Victory Capital Management Inc. now owns 115,588 shares of the business services provider’s stock valued at $10,172,000 after acquiring an additional 45,820 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Insperity in the third quarter worth $324,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NSP shares. StockNews.com lowered shares of Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. began coverage on shares of Insperity in a research report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective for the company. Truist Financial reduced 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. Finally, William Blair lowered Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.67.

Insperity Trading Up 4.7 %

NYSE:NSP opened at $79.63 on Tuesday. The firm has a 50-day simple moving average of $83.11 and a 200-day simple moving average of $90.71. Insperity, Inc. has a one year low of $71.69 and a one year high of $119.40. The firm has a market cap of $2.98 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.14 and a beta of 1.12. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.01%. Insperity’s dividend payout ratio (DPR) is presently 76.19%.

About Insperity

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.