Harbor Capital Advisors Inc. Has $9.32 Million Position in Insperity, Inc. (NYSE:NSP)

Harbor Capital Advisors Inc. increased its position in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 69.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,952 shares of the business services provider's stock after purchasing an additional 43,597 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.28% of Insperity worth $9,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NSP. nVerses Capital LLC acquired a new stake in shares of Insperity during the second quarter worth $64,000. EntryPoint Capital LLC boosted its holdings in Insperity by 164.3% in the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider's stock valued at $94,000 after purchasing an additional 534 shares during the period. Quarry LP grew its position in shares of Insperity by 205.6% during the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider's stock worth $99,000 after purchasing an additional 732 shares in the last quarter. Accordant Advisory Group Inc bought a new position in shares of Insperity during the second quarter worth approximately $109,000. Finally, Covestor Ltd raised its position in shares of Insperity by 264.7% in the first quarter. Covestor Ltd now owns 1,043 shares of the business services provider's stock valued at $114,000 after buying an additional 757 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insperity Price Performance

Insperity stock traded down $3.59 during midday trading on Friday, reaching $75.18. The company's stock had a trading volume of 616,181 shares, compared to its average volume of 336,669. The stock has a market cap of $2.82 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.17 and a beta of 1.12. The company has a current ratio of 1.16, a quick ratio of 1.17 and a debt-to-equity ratio of 2.95. Insperity, Inc. has a 52 week low of $74.32 and a 52 week high of $119.40. The business has a 50-day moving average price of $87.39 and a 200-day moving average price of $93.96.

Insperity (NYSE:NSP - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.14. Insperity had a net margin of 1.83% and a return on equity of 93.58%. The business had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.62 billion. During the same period in the prior year, the company earned $0.33 EPS. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts predict that Insperity, Inc. will post 2.42 EPS for the current year.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity's payout ratio is 76.19%.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $92.23, for a total value of $1,487,024.29. Following the completion of the transaction, the chief executive officer now directly owns 509,129 shares in the company, valued at approximately $46,956,967.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. JPMorgan Chase & Co. began coverage on Insperity in a research note on Tuesday, October 22nd. They set an "underweight" rating and a $90.00 price objective on the stock. Truist Financial decreased their price target on Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday. Finally, William Blair lowered shares of Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Insperity presently has an average rating of "Hold" and an average price target of $95.67.

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.