Caisse DE Depot ET Placement DU Quebec Acquires New Stake in Insperity, Inc. (NYSE:NSP)

Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,062 shares of the business services provider's stock, valued at approximately $1,589,000.

Other institutional investors also recently modified their holdings of the company. Andina Capital Management LLC boosted its position in Insperity by 5.4% in the second quarter. Andina Capital Management LLC now owns 2,736 shares of the business services provider's stock worth $250,000 after purchasing an additional 140 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Insperity by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider's stock worth $3,929,000 after buying an additional 150 shares during the period. Arizona State Retirement System raised its stake in shares of Insperity by 1.9% in the second quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider's stock worth $905,000 after buying an additional 185 shares during the period. Covestor Ltd raised its stake in shares of Insperity by 21.7% in the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider's stock worth $102,000 after buying an additional 206 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Insperity by 9.2% in the third quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider's stock worth $222,000 after buying an additional 213 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insperity Trading Up 1.8 %

Shares of Insperity stock traded up $1.47 on Wednesday, reaching $82.88. The company had a trading volume of 427,922 shares, compared to its average volume of 285,156. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 25.86, a P/E/G ratio of 2.28 and a beta of 1.15. 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's 50-day moving average price is $81.84 and its two-hundred day moving average price is $89.66. Insperity, Inc. has a 1 year low of $71.69 and a 1 year high of $119.40.

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 issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Tuesday, December 10th. Insperity's payout ratio is currently 76.19%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NSP. Truist Financial decreased 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. William Blair downgraded Insperity from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. started coverage on Insperity in a research note on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective on the stock. Finally, StockNews.com downgraded Insperity from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Insperity presently 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.