Royce & Associates LP boosted its stake in Insperity, Inc. (NYSE:NSP – Free Report) by 27.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 527,793 shares of the business services provider’s stock after purchasing an additional 115,165 shares during the period. Royce & Associates LP’s holdings in Insperity were worth $25,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its position in shares of Insperity by 32.2% during the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock worth $67,000 after acquiring an additional 182 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Insperity by 2.5% in the third quarter. Arizona State Retirement System now owns 10,577 shares of the business services provider’s stock valued at $520,000 after purchasing an additional 255 shares during the period. LRI Investments LLC raised its holdings in shares of Insperity by 134.0% during the third quarter. LRI Investments LLC now owns 606 shares of the business services provider’s stock valued at $30,000 after buying an additional 347 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Insperity by 5.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,106 shares of the business services provider’s stock worth $487,000 after buying an additional 451 shares during the period. Finally, Blue Trust Inc. grew its holdings in Insperity by 10.4% in the 3rd quarter. Blue Trust Inc. now owns 5,042 shares of the business services provider’s stock worth $248,000 after buying an additional 473 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.
Insperity Stock Performance
Shares of NSP opened at $22.23 on Monday. The company has a debt-to-equity ratio of 8.02, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50 day moving average is $37.38 and its 200-day moving average is $42.14. Insperity, Inc. has a 12-month low of $20.89 and a 12-month high of $95.98. The stock has a market capitalization of $838.81 million, a P/E ratio of -111.16 and a beta of 0.54.
Insperity Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Friday, March 6th. Insperity’s dividend payout ratio is currently -1,200.00%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on NSP. Zacks Research lowered Insperity from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Roth Mkm set a $62.00 price objective on shares of Insperity in a report on Monday, January 5th. The Goldman Sachs Group set a $62.00 target price on shares of Insperity in a research report on Monday, January 5th. Truist Financial reduced their price target on shares of Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Finally, Robert W. Baird set a $36.00 price objective on shares of Insperity in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $47.50.
Check Out Our Latest Stock Analysis on NSP
About Insperity
Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.
The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.
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