Insperity, Inc. (NYSE:NSP) Shares Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its stake in Insperity, Inc. (NYSE:NSP) by 32.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 882,324 shares of the business services provider’s stock after acquiring an additional 215,206 shares during the period. Massachusetts Financial Services Co. MA owned 2.36% of Insperity worth $77,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in NSP. Intech Investment Management LLC lifted its holdings in shares of Insperity by 3.4% in the 3rd quarter. Intech Investment Management LLC now owns 20,981 shares of the business services provider’s stock valued at $1,846,000 after purchasing an additional 686 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in Insperity by 110.8% during the third quarter. Ontario Teachers Pension Plan Board now owns 32,049 shares of the business services provider’s stock worth $2,820,000 after buying an additional 16,849 shares during the period. Quest Partners LLC lifted its stake in Insperity by 259.8% in the third quarter. Quest Partners LLC now owns 12,023 shares of the business services provider’s stock valued at $1,058,000 after buying an additional 8,681 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Insperity by 27.4% in the third quarter. Natixis Advisors LLC now owns 65,016 shares of the business services provider’s stock valued at $5,721,000 after acquiring an additional 13,981 shares during the period. Finally, KBC Group NV grew its position 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 worth $91,000 after acquiring an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

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

Insperity Stock Up 3.0 %

NSP stock opened at $76.09 on Monday. The stock has a market capitalization of $2.84 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12. The company has a fifty day moving average of $83.29 and a 200-day moving average of $90.98. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. Insperity, Inc. has a one year low of $71.69 and a one year high of $119.40.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 10th. Insperity’s dividend payout ratio is presently 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.