Barclays PLC lifted its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 129.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,580 shares of the business services provider's stock after purchasing an additional 46,625 shares during the quarter. Barclays PLC owned about 0.22% of Insperity worth $7,269,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Insperity by 32.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,161 shares of the business services provider's stock worth $288,000 after acquiring an additional 766 shares during the period. Assenagon Asset Management S.A. raised its stake in Insperity by 70.3% during the second quarter. Assenagon Asset Management S.A. now owns 16,850 shares of the business services provider's stock worth $1,537,000 after purchasing an additional 6,958 shares during the period. Fifth Third Bancorp boosted its holdings in Insperity by 1.0% in the 2nd quarter. Fifth Third Bancorp now owns 24,254 shares of the business services provider's stock valued at $2,212,000 after purchasing an additional 246 shares during the last quarter. LRI Investments LLC grew its stake in shares of Insperity by 20.4% in the 2nd quarter. LRI Investments LLC now owns 2,465 shares of the business services provider's stock valued at $225,000 after buying an additional 417 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Insperity by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 422,163 shares of the business services provider's stock worth $38,505,000 after buying an additional 14,095 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.
NSP opened at $77.63 on Thursday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 24.64 and a beta of 1.15. 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's 50-day moving average price is $80.89 and its 200 day moving average price is $88.36. Insperity, Inc. has a 12-month low of $71.69 and a 12-month high of $119.26.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.09%. The ex-dividend date is Tuesday, December 10th. Insperity's payout ratio is currently 76.19%.
A number of research analysts recently commented on NSP shares. JPMorgan Chase & Co. started coverage on Insperity in a report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective on the stock. Truist Financial lowered their price target on Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a report on Friday, November 1st. William Blair lowered shares of Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. Finally, StockNews.com lowered shares of Insperity from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $95.67.
Check Out Our Latest Stock Analysis on 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.
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