Edgestream Partners L.P. Sells 23,802 Shares of Insperity, Inc. (NYSE:NSP)

Edgestream Partners L.P. decreased its position in Insperity, Inc. (NYSE:NSP - Free Report) by 71.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,500 shares of the business services provider's stock after selling 23,802 shares during the quarter. Edgestream Partners L.P.'s holdings in Insperity were worth $836,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in shares of Insperity by 32.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider's stock valued at $77,645,000 after purchasing an additional 215,206 shares during the period. Mawer Investment Management Ltd. grew its position in Insperity by 4.0% during the 2nd quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider's stock worth $473,247,000 after purchasing an additional 197,309 shares in the last quarter. Reinhart Partners LLC. raised its stake in Insperity by 13.3% during the 2nd quarter. Reinhart Partners LLC. now owns 1,013,874 shares of the business services provider's stock valued at $92,475,000 after purchasing an additional 118,902 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Insperity in the second quarter valued at $5,536,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Insperity by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,260,768 shares of the business services provider's stock worth $110,948,000 after buying an additional 59,216 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on NSP. StockNews.com cut Insperity from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. 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. William Blair lowered Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. began coverage on shares of Insperity in a research report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 target price for the company. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat, Insperity currently has an average rating of "Hold" and an average target price of $95.67.

Insperity Stock Performance

Shares of NSP traded down $1.05 during trading hours on Thursday, reaching $81.83. 421,998 shares of the company traded hands, compared to its average volume of 285,738. Insperity, Inc. has a 1-year low of $71.69 and a 1-year high of $119.40. The stock has a market cap of $3.06 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 2.29 and a beta of 1.15. The stock's fifty day moving average is $81.76 and its 200 day moving average is $89.61. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, December 10th. Insperity's dividend payout ratio (DPR) is presently 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.