Fmr LLC Cuts Stake in Insperity, Inc. (NYSE:NSP)

FMR LLC trimmed its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 99.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 hedge funds have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in Insperity by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 422,163 shares of the business services provider's stock valued at $38,505,000 after acquiring an additional 14,095 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Insperity by 32.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider's stock valued at $77,645,000 after buying an additional 215,206 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Insperity during the second quarter valued at $5,536,000. Harbor Capital Advisors Inc. increased its holdings in Insperity by 69.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 105,952 shares of the business services provider's stock worth $9,324,000 after buying an additional 43,597 shares in the last quarter. Finally, Markel Group Inc. raised its position in Insperity by 32.6% in the 3rd quarter. Markel Group Inc. now owns 70,143 shares of the business services provider's stock worth $6,173,000 after buying an additional 17,237 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insperity Trading Down 0.7 %

Shares of Insperity stock opened at $76.11 on Friday. 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 stock has a market capitalization 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 company's fifty day simple moving average is $80.47 and its 200-day simple moving average is $88.14.

Insperity Announces Dividend

The business 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 dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.15%. The ex-dividend date is Tuesday, December 10th. Insperity's dividend payout ratio is presently 76.19%.

Wall Street Analysts Forecast Growth

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

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.