Quantbot Technologies LP Raises Position in Insperity, Inc. (NYSE:NSP)

Quantbot Technologies LP raised its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 150.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,987 shares of the business services provider's stock after buying an additional 19,831 shares during the quarter. Quantbot Technologies LP owned about 0.09% of Insperity worth $2,903,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Andina Capital Management LLC raised its position in shares of Insperity by 5.4% in the 2nd quarter. Andina Capital Management LLC now owns 2,736 shares of the business services provider's stock worth $250,000 after purchasing an additional 140 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Insperity by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider's stock valued at $3,929,000 after purchasing an additional 150 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Insperity by 1.9% in the second quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider's stock worth $905,000 after buying an additional 185 shares in the last quarter. Covestor Ltd grew its holdings 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 buying an additional 206 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Insperity by 9.2% during the third quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider's stock valued at $222,000 after acquiring an additional 213 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NSP. Truist Financial lowered their price objective on Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. started 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. StockNews.com cut Insperity from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Finally, William Blair lowered Insperity from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, Insperity has an average rating of "Hold" and a consensus price target of $95.67.

Insperity Stock Performance

Shares of NYSE NSP traded down $0.07 during midday trading on Thursday, hitting $78.45. 385,911 shares of the stock traded hands, compared to its average volume of 283,554. The firm has a market capitalization of $2.93 billion, a P/E ratio of 24.90, a PEG ratio of 2.24 and a beta of 1.12. Insperity, Inc. has a one year low of $71.69 and a one year high of $119.40. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a 50-day moving average of $82.40 and a two-hundred day moving average of $90.35.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Tuesday, December 10th. Insperity's dividend 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.