Verition Fund Management LLC Has $1.26 Million Stake in Insperity, Inc. (NYSE:NSP)

Verition Fund Management LLC increased its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 274.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,306 shares of the business services provider's stock after purchasing an additional 10,483 shares during the quarter. Verition Fund Management LLC's holdings in Insperity were worth $1,259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position 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 during the period. Mawer Investment Management Ltd. boosted its stake in Insperity by 4.0% in the second quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider's stock valued at $473,247,000 after acquiring an additional 197,309 shares during the last quarter. Reinhart Partners LLC. grew its holdings in Insperity by 13.3% during the 2nd quarter. Reinhart Partners LLC. now owns 1,013,874 shares of the business services provider's stock worth $92,475,000 after acquiring an additional 118,902 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Insperity during the 2nd quarter valued at $5,536,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Insperity by 4.9% in 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 period. Institutional investors and hedge funds own 93.44% of the company's stock.

Wall Street Analysts Forecast Growth

NSP has been the subject of several analyst reports. JPMorgan Chase & Co. began coverage on Insperity in a research report on Tuesday, October 22nd. They set an "underweight" rating and a $90.00 target price for the company. William Blair lowered shares of Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. Truist Financial reduced their target price on Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a 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 analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $95.67.

Insperity Stock Up 1.3 %

NSP stock traded up $1.08 during trading hours on Friday, reaching $82.91. 524,580 shares of the stock were exchanged, compared to its average volume of 341,946. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 2.33 and a beta of 1.15. Insperity, Inc. has a 12 month low of $71.69 and a 12 month high of $119.40. The firm's 50-day moving average is $81.58 and its 200-day moving average is $89.21.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders 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 yield of 2.89%. Insperity's payout ratio is currently 76.19%.

Insperity 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.