Janney Montgomery Scott LLC Purchases 3,420 Shares of Insperity, Inc. (NYSE:NSP)

Janney Montgomery Scott LLC increased its position in Insperity, Inc. (NYSE:NSP - Free Report) by 38.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,304 shares of the business services provider's stock after purchasing an additional 3,420 shares during the period. Janney Montgomery Scott LLC's holdings in Insperity were worth $954,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. State Street Corp grew its position in Insperity by 0.9% in the 3rd quarter. State Street Corp now owns 1,287,058 shares of the business services provider's stock valued at $113,261,000 after purchasing an additional 11,123 shares during the period. Charles Schwab Investment Management Inc. grew its position in Insperity by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,260,768 shares of the business services provider's stock valued at $110,948,000 after purchasing an additional 59,216 shares during the period. Reinhart Partners LLC. grew its position in Insperity by 8.3% in the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider's stock valued at $90,830,000 after purchasing an additional 89,809 shares during the period. Geode Capital Management LLC grew its position in Insperity by 16.7% in the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider's stock valued at $85,254,000 after purchasing an additional 138,837 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Insperity by 32.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider's stock valued at $77,645,000 after purchasing an additional 215,206 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

Analysts Set New Price Targets

NSP has been the subject of several research reports. StockNews.com downgraded shares of Insperity from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. began coverage on Insperity in a research note on Tuesday, October 22nd. They set an "underweight" rating and a $90.00 price objective on the stock. Finally, Truist Financial dropped their price objective 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 given a hold rating to the stock. Based on data from MarketBeat, Insperity has an average rating of "Hold" and an average price target of $95.67.

Insperity Stock Down 2.7 %

NYSE:NSP traded down $1.93 during trading hours on Friday, hitting $69.50. 672,627 shares of the company traded hands, compared to its average volume of 348,330. 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's 50-day simple moving average is $77.99 and its 200-day simple moving average is $84.03. Insperity, Inc. has a one year low of $68.79 and a one year high of $110.72. The company has a market cap of $2.60 billion, a PE ratio of 22.06 and a beta of 1.13.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Tuesday, December 10th. Insperity's payout ratio is 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.