Charles Schwab Investment Management Inc. Acquires 59,216 Shares of Insperity, Inc. (NYSE:NSP)

Charles Schwab Investment Management Inc. raised its stake in shares of Insperity, Inc. (NYSE:NSP) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,260,768 shares of the business services provider’s stock after purchasing an additional 59,216 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Insperity were worth $110,948,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its stake in shares of Insperity by 32.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock valued at $77,645,000 after buying an additional 215,206 shares during the period. Mawer Investment Management Ltd. raised its holdings in Insperity by 4.0% during the 2nd quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider’s stock worth $473,247,000 after purchasing an additional 197,309 shares during the last quarter. Reinhart Partners LLC. lifted its position in shares of Insperity by 13.3% in the 2nd quarter. Reinhart Partners LLC. now owns 1,013,874 shares of the business services provider’s stock worth $92,475,000 after purchasing an additional 118,902 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Insperity in the 2nd quarter valued at $5,536,000. Finally, Victory Capital Management Inc. increased its position in shares of Insperity by 65.7% during the third quarter. Victory Capital Management Inc. now owns 115,588 shares of the business services provider’s stock worth $10,172,000 after buying an additional 45,820 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Insperity Stock Performance

Shares of NSP opened at $79.63 on Tuesday. Insperity, Inc. has a one year low of $71.69 and a one year high of $119.40. The company has a market cap of $2.98 billion, a PE ratio of 25.28, a P/E/G ratio of 2.14 and a beta of 1.12. The stock has a 50-day moving average of $83.11 and a 200-day moving average of $90.71. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.01%. Insperity’s dividend payout ratio is 76.19%.

Analysts Set New Price Targets

A number of brokerages have commented on NSP. JPMorgan Chase & Co. started coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price target on the stock. William Blair lowered Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. Truist Financial lowered their target price on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, Insperity has a consensus rating of “Hold” and a consensus target price of $95.67.

About Insperity

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.