Jane Street Group LLC Sells 38,118 Shares of Insperity, Inc. (NYSE:NSP)

Jane Street Group LLC trimmed its position in Insperity, Inc. (NYSE:NSP - Free Report) by 51.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,050 shares of the business services provider's stock after selling 38,118 shares during the quarter. Jane Street Group LLC owned approximately 0.10% of Insperity worth $3,172,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Millburn Ridgefield Corp purchased a new stake in Insperity in the 3rd quarter worth about $53,000. nVerses Capital LLC acquired a new stake in shares of Insperity during the second quarter worth approximately $64,000. KBC Group NV boosted its holdings in shares of Insperity by 26.4% during the third quarter. KBC Group NV now owns 1,034 shares of the business services provider's stock worth $91,000 after purchasing an additional 216 shares during the period. Quarry LP increased its stake in Insperity by 205.6% in the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider's stock valued at $99,000 after buying an additional 732 shares during the period. Finally, Covestor Ltd lifted its position in Insperity by 21.7% in the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider's stock worth $102,000 after buying an additional 206 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Truist Financial dropped their price target on shares of Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. StockNews.com downgraded Insperity from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. initiated coverage on Insperity in a research note on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price target for the company. 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 issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $95.67.

Insperity Stock Performance

Shares of NSP stock traded down $0.50 during trading hours on Friday, reaching $76.11. 1,325,967 shares of the company's stock were exchanged, compared to its average volume of 299,336. The business has a fifty day moving average price of $80.47 and a 200-day moving average price of $88.14. The stock has a market capitalization of $2.85 billion, a P/E ratio of 24.16 and a beta of 1.15. 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 fifty-two week low of $71.69 and a fifty-two week high of $119.02.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 10th. Insperity's dividend payout ratio is currently 76.19%.

About Insperity

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.