SG Americas Securities LLC lessened its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 52.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,363 shares of the business services provider's stock after selling 4,754 shares during the quarter. SG Americas Securities LLC's holdings in Insperity were worth $338,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in NSP. Massachusetts Financial Services Co. MA boosted its holdings in Insperity by 32.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider's stock worth $77,645,000 after buying an additional 215,206 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 worth $85,254,000 after purchasing an additional 138,837 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in Insperity in the 3rd quarter worth approximately $8,690,000. Reinhart Partners LLC. boosted its stake 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 worth $90,830,000 after purchasing an additional 89,809 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 worth $110,948,000 after purchasing an additional 59,216 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.
Wall Street Analysts Forecast Growth
NSP has been the subject of a number of recent analyst reports. Truist Financial decreased 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. JPMorgan Chase & Co. initiated 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. Finally, StockNews.com lowered shares of Insperity from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Insperity currently has an average rating of "Hold" and an average target price of $95.67.
Check Out Our Latest Report on NSP
Insperity Stock Down 2.7 %
Shares of Insperity stock traded down $1.93 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. Insperity, Inc. has a 12-month low of $68.79 and a 12-month high of $110.72. The company has a 50-day moving average price of $77.99 and a 200 day moving average price of $84.03. 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 disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Tuesday, December 10th. Insperity's payout ratio is presently 76.19%.
Insperity Profile
(
Free Report)
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.
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