Insperity, Inc. (NYSE:NSP) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in shares of Insperity, Inc. (NYSE:NSP) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,808 shares of the business services provider’s stock after purchasing an additional 423 shares during the period. HighTower Advisors LLC’s holdings in Insperity were worth $596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. nVerses Capital LLC purchased a new stake in Insperity during the second quarter valued at about $64,000. KBC Group NV raised its holdings in shares of Insperity by 26.4% during the third quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 216 shares during the period. Quarry LP lifted its position in shares of Insperity by 205.6% in the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 732 shares in the last quarter. Covestor Ltd boosted its stake in Insperity by 21.7% in the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after purchasing an additional 206 shares during the period. Finally, Point72 DIFC Ltd purchased a new position in Insperity during the 2nd quarter worth approximately $179,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Price Performance

NSP opened at $76.61 on Friday. The stock has a fifty day moving average price of $80.70 and a 200 day moving average price of $88.28. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. Insperity, Inc. has a 1 year low of $71.69 and a 1 year high of $119.26. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 24.32 and a beta of 1.15.

Insperity Dividend Announcement

The firm 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 $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Tuesday, December 10th. Insperity’s payout ratio is presently 76.19%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NSP shares. StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. initiated 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. Truist Financial lowered their target price on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, William Blair downgraded 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 given a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.