Geode Capital Management LLC Buys 138,837 Shares of Insperity, Inc. (NYSE:NSP)

Geode Capital Management LLC grew its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 16.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 968,634 shares of the business services provider's stock after purchasing an additional 138,837 shares during the period. Geode Capital Management LLC owned about 2.59% of Insperity worth $85,254,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NSP. Millburn Ridgefield Corp acquired a new position in Insperity in the third quarter valued at about $53,000. nVerses Capital LLC bought a new position in Insperity in the 2nd quarter valued at about $64,000. KBC Group NV raised its position in shares of Insperity by 26.4% in the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider's stock valued at $91,000 after buying an additional 216 shares in the last quarter. Quarry LP lifted its holdings in shares of Insperity by 205.6% during the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider's stock worth $99,000 after acquiring an additional 732 shares during the period. Finally, Covestor Ltd boosted its position in shares of Insperity by 21.7% during the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider's stock worth $102,000 after acquiring an additional 206 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Insperity Price Performance

Shares of NSP traded down $0.50 during trading hours on Friday, reaching $76.11. The stock had a trading volume of 1,325,967 shares, compared to its average volume of 299,336. 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, Inc. has a 12 month low of $71.69 and a 12 month high of $119.02. The stock has a market capitalization of $2.85 billion, a PE ratio of 24.16 and a beta of 1.15. The company's 50-day moving average is $80.47 and its two-hundred day moving average is $88.14.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 3.15%. Insperity's dividend payout ratio is presently 76.19%.

Wall Street Analyst Weigh In

Several brokerages have commented on NSP. StockNews.com downgraded shares of Insperity from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. William Blair cut Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on Insperity in a research note on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective on the stock. Finally, Truist Financial decreased their target price on Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average 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.