Reinhart Partners LLC. decreased its stake in shares of Insperity, Inc. (NYSE:NSP – Free Report) by 1.4% during the third quarter, HoldingsChannel.com reports. The fund owned 3,256,775 shares of the business services provider’s stock after selling 47,299 shares during the period. Insperity makes up 3.7% of Reinhart Partners LLC.’s holdings, making the stock its 8th largest position. Reinhart Partners LLC. owned about 0.09% of Insperity worth $151,733,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NSP. Public Employees Retirement System of Ohio boosted its stake in Insperity by 48.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 1,299 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 422 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Insperity by 293.6% during the first quarter. Geneos Wealth Management Inc. now owns 2,078 shares of the business services provider’s stock worth $56,000 after buying an additional 1,550 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Insperity during the second quarter worth approximately $88,000. Allworth Financial LP bought a new stake in shares of Insperity in the second quarter valued at approximately $98,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Insperity by 227.3% in the third quarter. Farther Finance Advisors LLC now owns 3,600 shares of the business services provider’s stock worth $168,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.
Insperity Trading Down 2.2%
Shares of Insperity stock opened at $48.66 on Friday. Insperity, Inc. has a 12-month low of $18.57 and a 12-month high of $55.90. The stock has a market capitalization of $1.86 billion, a P/E ratio of -113.17 and a beta of 0.54. The company has a 50-day simple moving average of $50.50 and a 200 day simple moving average of $41.20. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 6.87.
Insperity Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Wednesday, September 2nd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Wednesday, September 2nd. Insperity’s dividend payout ratio (DPR) is currently -558.14%.
Analyst Upgrades and Downgrades
NSP has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Insperity from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, July 15th. Truist Financial set a $52.00 price target on shares of Insperity and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Roth Capital set a $61.00 price objective on shares of Insperity in a report on Friday, July 31st. Zacks Research raised shares of Insperity from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, Robert W. Baird set a $56.00 target price on Insperity in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $53.33.
View Our Latest Stock Analysis on NSP
Insperity Company Profile
Insperity, Inc is a provider of human resources and business-performance solutions for small and midsize businesses. Through its professional employer organization (PEO) services, the company helps clients manage payroll, employee benefits, human resources administration, employment-related compliance, and risk management.
The company also offers human capital management technology and related services designed to support payroll processing, recruiting, onboarding, time and attendance, performance management, and employee engagement.
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