Fmr LLC Has $251,000 Position in Insperity, Inc. (NYSE:NSP)

FMR LLC cut its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 99.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,847 shares of the business services provider's stock after selling 361,510 shares during the quarter. FMR LLC's holdings in Insperity were worth $251,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Quantbot Technologies LP lifted its stake in shares of Insperity by 150.7% in the 3rd quarter. Quantbot Technologies LP now owns 32,987 shares of the business services provider's stock valued at $2,903,000 after purchasing an additional 19,831 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Insperity by 32.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider's stock worth $77,645,000 after acquiring an additional 215,206 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Insperity by 3.4% during the 3rd quarter. Intech Investment Management LLC now owns 20,981 shares of the business services provider's stock worth $1,846,000 after acquiring an additional 686 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in shares of Insperity by 110.8% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 32,049 shares of the business services provider's stock valued at $2,820,000 after acquiring an additional 16,849 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Insperity Stock Performance

Shares of Insperity stock traded down $0.50 during midday trading on Friday, hitting $76.11. The company had a trading volume of 1,325,967 shares, compared to its average volume of 299,336. The stock has a market cap of $2.85 billion, a PE ratio of 24.16 and a beta of 1.15. Insperity, Inc. has a 1-year low of $71.69 and a 1-year high of $119.02. The business's 50 day simple moving average is $80.47 and its two-hundred day simple moving average is $88.09. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Tuesday, December 10th. Insperity's dividend payout ratio is currently 76.19%.

Analyst Ratings Changes

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

About Insperity

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.