Hotchkis & Wiley Capital Management LLC Makes New Investment in Insperity, Inc. (NYSE:NSP)

Hotchkis & Wiley Capital Management LLC acquired a new stake in Insperity, Inc. (NYSE:NSP - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 98,750 shares of the business services provider's stock, valued at approximately $8,690,000. Hotchkis & Wiley Capital Management LLC owned about 0.26% of Insperity as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSP. Andina Capital Management LLC increased its holdings in shares of Insperity by 5.4% in the second quarter. Andina Capital Management LLC now owns 2,736 shares of the business services provider's stock valued at $250,000 after purchasing an additional 140 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Insperity by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider's stock valued at $3,929,000 after acquiring an additional 150 shares during the period. Arizona State Retirement System lifted its position in Insperity by 1.9% during the second quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider's stock worth $905,000 after acquiring an additional 185 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Insperity by 21.7% during the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider's stock worth $102,000 after acquiring an additional 206 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in shares of Insperity by 9.2% in the third quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider's stock valued at $222,000 after purchasing an additional 213 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NSP. William Blair downgraded Insperity from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th. StockNews.com cut shares of Insperity from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Truist Financial lowered their price target on shares of Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, 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 objective for the company. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $95.67.

Insperity Price Performance

NSP stock traded down $1.03 during midday trading on Thursday, reaching $81.85. The company had a trading volume of 421,998 shares, 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 50 day moving average price of $81.67 and a 200-day moving average price of $89.56. 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 company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 2.29 and a beta of 1.15.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend 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.