JPMorgan Chase & Co. Purchases 21,325 Shares of Insperity, Inc. (NYSE:NSP)

JPMorgan Chase & Co. lifted its position in Insperity, Inc. (NYSE:NSP) by 16.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 150,669 shares of the business services provider’s stock after purchasing an additional 21,325 shares during the quarter. JPMorgan Chase & Co. owned about 0.40% of Insperity worth $13,259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Insperity in the 3rd quarter worth $32,000. Millburn Ridgefield Corp purchased a new position in Insperity in the third quarter worth $53,000. KBC Group NV increased its stake in Insperity by 26.4% in 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 last quarter. Quarry LP increased its stake in Insperity by 205.6% in the second 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 during the last quarter. Finally, Covestor Ltd raised its position in 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. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price for the company. Truist Financial decreased their price target on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com cut shares of Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $95.67.

Insperity Price Performance

Shares of Insperity stock opened at $75.41 on Friday. 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 one year low of $71.69 and a one year high of $118.50. The business’s 50 day simple moving average is $78.16 and its two-hundred day simple moving average is $86.24. The stock has a market capitalization of $2.82 billion, a P/E ratio of 23.94 and a beta of 1.14.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Tuesday, December 10th. Insperity’s payout ratio is 76.19%.

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.