Insperity, Inc. (NYSE:NSP) Shares Purchased by Petrus Trust Company LTA

Petrus Trust Company LTA raised its position in Insperity, Inc. (NYSE:NSP) by 276.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,635 shares of the business services provider’s stock after purchasing an additional 7,811 shares during the period. Petrus Trust Company LTA’s holdings in Insperity were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Mawer Investment Management Ltd. raised its holdings in Insperity by 4.0% during 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 raised its holdings in shares of Insperity by 2.5% in the second quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider’s stock valued at $120,733,000 after buying an additional 32,542 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 buying an additional 59,216 shares during the period. Reinhart Partners LLC. boosted its stake in shares of Insperity by 6.7% during the third quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider’s stock worth $95,219,000 after buying an additional 68,160 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position 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 valued at $77,645,000 after acquiring an additional 215,206 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analyst Weigh In

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

Insperity Trading Up 0.2 %

Shares of NSP opened at $81.46 on Wednesday. The stock has a fifty day moving average of $81.84 and a two-hundred day moving average of $89.66. Insperity, Inc. has a fifty-two week low of $71.69 and a fifty-two week high of $119.40. The company has a market capitalization of $3.05 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 2.28 and a beta of 1.15. 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 Announces Dividend

The business 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 2.95%. Insperity’s 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.