Insperity, Inc. (NYSE:NSP) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 4.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,260,768 shares of the business services provider's stock after acquiring an additional 59,216 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 3.37% of Insperity worth $110,948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSP. nVerses Capital LLC bought a new position in shares of Insperity in the 2nd quarter worth $64,000. KBC Group NV grew 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 purchasing an additional 216 shares during the last quarter. Quarry LP raised its holdings in 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 in the last quarter. Covestor Ltd boosted its holdings in shares of Insperity by 21.7% in the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider's stock valued at $102,000 after buying an additional 206 shares in the last quarter. Finally, Accordant Advisory Group Inc purchased a new position in shares of Insperity in the 2nd quarter worth approximately $109,000. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NSP has been the subject of a number of analyst reports. Truist Financial decreased 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. StockNews.com cut Insperity from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. William Blair lowered Insperity from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. started coverage on Insperity in a report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price target for the company. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $95.67.

Insperity Stock Performance

Shares of NYSE NSP traded down $1.11 during mid-day trading on Tuesday, hitting $78.52. The stock had a trading volume of 315,379 shares, compared to its average volume of 283,107. The firm has a market cap of $2.94 billion, a PE ratio of 24.93, a PEG 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. The company has a 50 day moving average of $82.90 and a two-hundred day moving average of $90.52. Insperity, Inc. has a twelve month low of $71.69 and a twelve month high of $119.40.

Insperity Dividend Announcement

The company also recently announced 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 dividend yield of 3.06%. The ex-dividend date is Tuesday, December 10th. Insperity's dividend payout ratio (DPR) is 76.19%.

Insperity 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.