Diamond Hill Capital Management Inc. lowered its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 401,364 shares of the business services provider's stock after selling 24,221 shares during the period. Diamond Hill Capital Management Inc. owned about 1.07% of Insperity worth $35,320,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of NSP. nVerses Capital LLC purchased a new stake in shares of Insperity in the second quarter valued at about $64,000. EntryPoint Capital LLC lifted its holdings in shares of Insperity by 164.3% in the first quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider's stock valued at $94,000 after purchasing an additional 534 shares in the last quarter. Quarry LP lifted its holdings in shares of 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 purchasing an additional 732 shares in the last quarter. Covestor Ltd lifted its holdings 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 valued at $102,000 after purchasing an additional 206 shares in the last quarter. Finally, Accordant Advisory Group Inc purchased a new stake in shares of Insperity in the second quarter valued at about $109,000. Hedge funds and other institutional investors own 93.44% of the company's stock.
Insperity Trading Up 2.0 %
Shares of NYSE:NSP traded up $1.58 during trading on Monday, reaching $81.27. The stock had a trading volume of 166,459 shares, compared to its average volume of 279,054. Insperity, Inc. has a fifty-two week low of $74.32 and a fifty-two week high of $119.40. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The business has a fifty day moving average price of $86.00 and a 200-day moving average price of $92.93. The stock has a market cap of $3.04 billion, a P/E ratio of 25.55, a PEG ratio of 1.56 and a beta of 1.12.
Insperity Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity's dividend payout ratio (DPR) is 76.19%.
Wall Street Analyst Weigh In
NSP has been the topic of several recent research reports. StockNews.com downgraded shares of Insperity from a "buy" rating to a "hold" rating in a report on Monday, November 4th. William Blair lowered shares of Insperity from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th. Truist Financial cut their price objective 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. Finally, JPMorgan Chase & Co. started 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. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $95.67.
Check Out Our Latest Stock Report on NSP
Insperity Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Insperity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Insperity wasn't on the list.
While Insperity currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.