Jane Street Group LLC Trims Holdings in Insperity, Inc. (NYSE:NSP)

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

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JPMorgan Chase & Co. initiated coverage on Insperity in a research report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective on the stock. Truist Financial reduced their price target on shares of Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a research report 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 cut shares of Insperity from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, Insperity currently has a consensus rating of "Hold" and a consensus target price of $95.67.

Insperity Stock Performance

NSP traded down $0.50 during trading hours on Friday, hitting $76.11. The stock had a trading volume of 1,325,967 shares, compared to its average volume of 299,336. Insperity, Inc. has a 1 year low of $71.69 and a 1 year high of $119.02. The company's fifty day simple moving average is $80.47 and its 200 day simple moving average is $88.09. The stock has a market cap of $2.85 billion, a PE 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 Announces Dividend

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

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.