Jacobs Levy Equity Management Inc. Sells 90,887 Shares of Insperity, Inc. (NYSE:NSP)

Jacobs Levy Equity Management Inc. decreased its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 16.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 473,703 shares of the business services provider's stock after selling 90,887 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.27% of Insperity worth $41,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Insperity by 32.3% in 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 purchasing an additional 215,206 shares during the period. Mawer Investment Management Ltd. increased its holdings in shares of Insperity by 4.0% in the second quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider's stock worth $473,247,000 after purchasing an additional 197,309 shares during the period. Reinhart Partners LLC. increased its holdings in shares of Insperity by 13.3% in the second quarter. Reinhart Partners LLC. now owns 1,013,874 shares of the business services provider's stock worth $92,475,000 after purchasing an additional 118,902 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Insperity in the third quarter worth $8,690,000. Finally, Renaissance Technologies LLC bought a new position in shares of Insperity in the second quarter worth $5,536,000. Institutional investors own 93.44% of the company's stock.

Insperity Trading Up 1.2 %

NYSE NSP traded up $1.01 during trading on Wednesday, hitting $82.42. 164,061 shares of the company's stock traded hands, compared to its average volume of 283,929. The stock has a fifty day moving average of $81.84 and a two-hundred day moving average of $89.66. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. Insperity, Inc. has a 12-month low of $71.69 and a 12-month high of $119.40. The firm has a market cap of $3.08 billion, a P/E ratio of 25.86, a PEG ratio of 2.28 and a beta of 1.15.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 2.91%. Insperity's payout ratio is 76.19%.

Analyst Upgrades and Downgrades

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