Insperity, Inc. (NYSE:NSP) Shares Bought by Holocene Advisors LP

Holocene Advisors LP grew its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 222.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,154 shares of the business services provider's stock after purchasing an additional 18,728 shares during the period. Holocene Advisors LP owned approximately 0.07% of Insperity worth $2,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of NSP. Bank of New York Mellon Corp lifted its position in Insperity by 3.5% in the second 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 buying an additional 14,095 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Insperity in the 2nd quarter valued at approximately $5,536,000. Harbor Capital Advisors Inc. lifted its holdings in shares of 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 acquiring an additional 43,597 shares during the last quarter. Markel Group Inc. boosted its position in shares of Insperity by 32.6% during the 3rd quarter. Markel Group Inc. now owns 70,143 shares of the business services provider's stock worth $6,173,000 after purchasing an additional 17,237 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings 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 last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insperity Stock Up 1.3 %

NYSE NSP traded up $1.08 during trading hours on Friday, hitting $82.91. 524,580 shares of the company were exchanged, compared to its average volume of 286,749. 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 $3.10 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 2.29 and a beta of 1.15. The company has a 50 day moving average of $81.67 and a two-hundred day moving average of $89.56. Insperity, Inc. has a 52-week low of $71.69 and a 52-week high of $119.40.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be issued 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 2.89%. Insperity's dividend payout ratio (DPR) is 76.19%.

Wall Street Analysts Forecast Growth

NSP has been the topic of a number of research reports. 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 target on the stock. William Blair cut Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. StockNews.com downgraded Insperity from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Finally, Truist Financial reduced 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. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, Insperity presently has an average rating of "Hold" and an average price target of $95.67.

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.