FORA Capital LLC Takes Position in Insperity, Inc. (NYSE:NSP)

FORA Capital LLC bought a new position in Insperity, Inc. (NYSE:NSP) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,537 shares of the business services provider’s stock, valued at approximately $487,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NSP. Mawer Investment Management Ltd. increased its stake in shares of 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 worth $473,247,000 after purchasing an additional 197,309 shares in the last quarter. Earnest Partners LLC grew its position in shares of Insperity by 2.5% during the second quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider’s stock worth $120,733,000 after purchasing an additional 32,542 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Insperity by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,260,768 shares of the business services provider’s stock worth $110,948,000 after purchasing an additional 59,216 shares in the last quarter. Reinhart Partners LLC. raised its stake in 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 purchasing an additional 68,160 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Insperity by 32.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock worth $77,645,000 after purchasing an additional 215,206 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

NSP has been the topic of several recent analyst reports. William Blair cut shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. Truist Financial decreased their price target on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. initiated coverage on shares of Insperity in a report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price objective for the company. 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. Based on data from MarketBeat, Insperity presently has a consensus rating of “Hold” and a consensus target price of $95.67.

Insperity Stock Performance

Shares of NYSE:NSP opened at $78.45 on Friday. The firm has a fifty day simple moving average of $82.40 and a two-hundred day simple moving average of $90.35. Insperity, Inc. has a 52 week low of $71.69 and a 52 week high of $119.40. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The stock has a market capitalization of $2.93 billion, a P/E ratio of 24.90, a PEG ratio of 2.24 and a beta of 1.12.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 3.06%. Insperity’s dividend payout ratio is currently 76.19%.

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.