Insperity, Inc. (NYSE:NSP) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 16.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,669 shares of the business services provider's stock after purchasing an additional 21,325 shares during the period. JPMorgan Chase & Co. owned approximately 0.40% of Insperity worth $13,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Insperity during the third quarter worth $32,000. Millburn Ridgefield Corp purchased a new position in shares of Insperity during the third quarter worth $53,000. KBC Group NV boosted its position 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 buying an additional 216 shares during the period. Quarry LP raised its stake 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 raised its stake in shares of Insperity by 21.7% in 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 in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insperity Stock Down 0.5 %

Insperity stock traded down $0.36 during midday trading on Friday, reaching $75.41. The company's stock had a trading volume of 381,380 shares, compared to its average volume of 336,297. Insperity, Inc. has a fifty-two week low of $71.69 and a fifty-two week high of $118.50. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The company has a market cap of $2.82 billion, a P/E ratio of 23.94 and a beta of 1.14. The business has a 50-day simple moving average of $78.16 and a 200-day simple moving average of $86.21.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity's dividend payout ratio is presently 76.19%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NSP. Truist Financial reduced their price objective on Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. began coverage on Insperity in a research note on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective on the stock. StockNews.com cut Insperity from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Finally, William Blair cut 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 issued a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus 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.