Massachusetts Financial Services Co. MA Increases Stake in Insperity, Inc. (NYSE:NSP)

Massachusetts Financial Services Co. MA lifted its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 32.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 882,324 shares of the business services provider's stock after purchasing an additional 215,206 shares during the period. Massachusetts Financial Services Co. MA owned 2.36% of Insperity worth $77,645,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Insperity by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider's stock worth $428,696,000 after purchasing an additional 182,773 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Insperity by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 422,163 shares of the business services provider's stock worth $38,505,000 after purchasing an additional 14,095 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Insperity during the 2nd quarter worth approximately $5,536,000. Markel Group Inc. grew its stake in Insperity by 32.6% in the 3rd quarter. Markel Group Inc. now owns 70,143 shares of the business services provider's stock valued at $6,173,000 after buying an additional 17,237 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Insperity by 69.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 105,952 shares of the business services provider's stock valued at $9,324,000 after buying an additional 43,597 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NSP shares. JPMorgan Chase & Co. started coverage on shares of Insperity in a research note on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective for the company. Truist Financial reduced their price objective on shares of Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a research note on Friday, November 1st. StockNews.com downgraded shares of Insperity from a "buy" rating to a "hold" rating in a report on Monday, November 4th. Finally, William Blair downgraded shares of Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, Insperity has a consensus rating of "Hold" and an average price target of $95.67.

Insperity Trading Up 5.0 %

NYSE:NSP traded up $3.77 during trading hours on Monday, reaching $79.86. The company's stock had a trading volume of 201,295 shares, compared to its average volume of 282,124. The firm has a 50-day simple moving average of $83.29 and a 200-day simple moving average of $90.89. Insperity, Inc. has a 1 year low of $71.69 and a 1 year high of $119.40. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.14 and a beta of 1.12. 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 Dividend Announcement

The company also recently disclosed 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. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is 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.