Dynamic Technology Lab Private Ltd Sells 9,425 Shares of Insperity, Inc. (NYSE:NSP)

Dynamic Technology Lab Private Ltd trimmed its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 60.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,109 shares of the business services provider's stock after selling 9,425 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Insperity were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NSP. Bank of New York Mellon Corp boosted its holdings in Insperity by 3.5% in the 2nd 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 purchasing an additional 14,095 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Insperity in the second quarter valued at about $5,536,000. Harbor Capital Advisors Inc. grew its position in Insperity by 69.9% during the third quarter. Harbor Capital Advisors Inc. now owns 105,952 shares of the business services provider's stock worth $9,324,000 after buying an additional 43,597 shares in the last quarter. Markel Group Inc. increased its stake in Insperity by 32.6% during the third quarter. Markel Group Inc. now owns 70,143 shares of the business services provider's stock valued at $6,173,000 after acquiring an additional 17,237 shares during the period. Finally, Massachusetts Financial Services Co. MA raised 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 acquiring an additional 215,206 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

Insperity Price Performance

Insperity stock traded up $0.40 during mid-day trading on Friday, hitting $78.85. 222,270 shares of the company were exchanged, compared to its average volume of 283,288. The company has a market capitalization of $2.95 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 2.20 and a beta of 1.12. The business has a fifty day moving average of $82.14 and a 200 day moving average of $90.18. Insperity, Inc. has a 1-year low of $71.69 and a 1-year high of $119.40. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, December 10th. Insperity's dividend payout ratio is currently 76.19%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NSP shares. JPMorgan Chase & Co. initiated coverage on Insperity in a report on Tuesday, October 22nd. They set an "underweight" rating and a $90.00 price objective on the stock. StockNews.com downgraded shares of Insperity from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Truist Financial dropped 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. Finally, William Blair lowered shares of Insperity from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Insperity currently has a consensus rating of "Hold" and a consensus price target of $95.67.

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.