Victory Capital Management Inc. Buys 45,820 Shares of Insperity, Inc. (NYSE:NSP)

Victory Capital Management Inc. raised its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 65.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,588 shares of the business services provider's stock after acquiring an additional 45,820 shares during the quarter. Victory Capital Management Inc. owned approximately 0.31% of Insperity worth $10,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Mawer Investment Management Ltd. lifted its position in Insperity by 4.0% during 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 purchasing an additional 197,309 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Insperity by 4.9% in the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider's stock worth $428,696,000 after buying an additional 182,773 shares during the period. Earnest Partners LLC lifted its position in shares of Insperity by 2.5% during the 2nd quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider's stock valued at $120,733,000 after buying an additional 32,542 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of Insperity by 6.7% during the 3rd quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider's stock valued at $95,219,000 after acquiring an additional 68,160 shares during the period. Finally, Sei Investments Co. increased its holdings in Insperity by 5.3% in the 2nd quarter. Sei Investments Co. now owns 734,271 shares of the business services provider's stock worth $66,973,000 after acquiring an additional 37,091 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Analysts Set New Price Targets

NSP has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a research note on Friday, November 1st. StockNews.com cut Insperity from a "buy" rating to a "hold" rating in a report on Monday, November 4th. William Blair lowered Insperity from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. assumed coverage on Insperity in a research note on Tuesday, October 22nd. They set an "underweight" rating and a $90.00 target price on the stock. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $95.67.

Insperity Trading Up 0.9 %

Shares of NSP stock opened at $73.17 on Thursday. 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 stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.05 and a beta of 1.12. Insperity, Inc. has a 12-month low of $71.69 and a 12-month high of $119.40. The stock's 50-day moving average price is $84.05 and its 200-day moving average price is $91.52.

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.