State of New Jersey Common Pension Fund D Grows Stock Holdings in Insperity, Inc. (NYSE:NSP)

State of New Jersey Common Pension Fund D lifted its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 36.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,950 shares of the business services provider's stock after acquiring an additional 7,767 shares during the period. State of New Jersey Common Pension Fund D owned 0.08% of Insperity worth $2,244,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in Insperity by 32.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider's stock valued at $77,645,000 after purchasing an additional 215,206 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Insperity by 16.7% during the third quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider's stock worth $85,254,000 after acquiring an additional 138,837 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Insperity in the 3rd quarter worth about $8,690,000. Reinhart Partners LLC. lifted its position in Insperity by 8.3% in the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider's stock valued at $90,830,000 after acquiring an additional 89,809 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Insperity by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,260,768 shares of the business services provider's stock valued at $110,948,000 after purchasing an additional 59,216 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NSP. StockNews.com raised Insperity from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Truist Financial lowered their price target on Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $95.67.

Insperity Stock Up 2.7 %

NYSE:NSP traded up $2.31 on Tuesday, hitting $87.84. The stock had a trading volume of 557,176 shares, compared to its average volume of 427,877. Insperity, Inc. has a 1 year low of $68.79 and a 1 year high of $110.72. The firm's fifty day simple moving average is $78.76 and its two-hundred day simple moving average is $82.90. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $3.27 billion, a P/E ratio of 36.45 and a beta of 1.13.

Insider Buying and Selling at Insperity

In related news, Director Ellen H. Masterson purchased 1,755 shares of the firm's stock in a transaction dated Wednesday, February 12th. The stock was bought at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the purchase, the director now directly owns 16,612 shares in the company, valued at approximately $1,424,479. This trade represents a 11.81 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul J. Sarvadi sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the transaction, the chief executive officer now owns 436,584 shares in the company, valued at approximately $36,812,762.88. The trade was a 5.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company's stock.

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.