State Street Corp Purchases 11,123 Shares of Insperity, Inc. (NYSE:NSP)

State Street Corp raised its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,287,058 shares of the business services provider's stock after acquiring an additional 11,123 shares during the period. State Street Corp owned 3.44% of Insperity worth $113,261,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NSP. The Manufacturers Life Insurance Company grew its holdings in Insperity by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider's stock worth $3,929,000 after buying an additional 150 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Insperity by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider's stock valued at $905,000 after acquiring an additional 185 shares during the last quarter. Covestor Ltd boosted its stake in shares of Insperity by 21.7% during the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider's stock worth $102,000 after acquiring an additional 206 shares in the last quarter. Crossmark Global Holdings Inc. raised 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 worth $222,000 after purchasing an additional 213 shares during the period. Finally, KBC Group NV lifted its holdings 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 valued at $91,000 after purchasing an additional 216 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insperity Price Performance

NSP traded down $4.79 on Monday, reaching $78.58. The stock had a trading volume of 733,440 shares, compared to its average volume of 291,738. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 26.47 and a beta of 1.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. The firm has a 50-day moving average of $81.31 and a 200-day moving average of $88.65. Insperity, Inc. has a fifty-two week low of $71.69 and a fifty-two week high of $119.26.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a $0.60 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.05%. Insperity's dividend payout ratio is 76.19%.

Wall Street Analysts Forecast Growth

NSP has been the subject of a number of research analyst reports. William Blair lowered Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on Insperity in a report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 target price on the stock. Truist Financial decreased their target price on Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com downgraded Insperity from a "buy" rating to a "hold" rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.