Harbor Capital Advisors Inc. Purchases 8,972 Shares of Insperity, Inc. (NYSE:NSP)

Harbor Capital Advisors Inc. boosted its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 114,924 shares of the business services provider's stock after buying an additional 8,972 shares during the period. Harbor Capital Advisors Inc. owned 0.31% of Insperity worth $8,908,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Insperity in the third quarter valued at $32,000. Millburn Ridgefield Corp acquired a new position in Insperity in the third quarter worth about $53,000. KBC Group NV increased its holdings in Insperity by 26.4% in the third 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 during the last quarter. Quarry LP raised its stake in Insperity by 205.6% during the second quarter. Quarry LP now owns 1,088 shares of the business services provider's stock valued at $99,000 after buying an additional 732 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in 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 buying an additional 206 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NSP has been the topic of several research reports. 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 report on Friday, November 1st. JPMorgan Chase & Co. began coverage on shares of Insperity in a report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price target for the company. StockNews.com downgraded Insperity from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Finally, William Blair downgraded Insperity from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $95.67.

Insperity Stock Performance

NSP stock traded down $0.36 during trading on Friday, reaching $75.41. 381,380 shares of the company's stock were exchanged, compared to its average volume of 336,297. Insperity, Inc. has a 1-year low of $71.69 and a 1-year high of $118.50. The company's fifty day moving average price is $78.15 and its 200-day moving average price is $86.42. 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 firm has a market cap of $2.82 billion, a PE ratio of 23.94 and a beta of 1.14.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity's payout ratio is currently 76.19%.

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.