Nordea Investment Management AB Buys 4,791 Shares of Insperity, Inc. (NYSE:NSP)

Nordea Investment Management AB grew its stake in shares of Insperity, Inc. (NYSE:NSP) by 4.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 109,888 shares of the business services provider’s stock after acquiring an additional 4,791 shares during the quarter. Nordea Investment Management AB owned about 0.29% of Insperity worth $8,623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new position in Insperity in the 3rd quarter valued at approximately $32,000. Millburn Ridgefield Corp acquired a new position in shares of Insperity during the third quarter worth $53,000. KBC Group NV lifted its stake in shares of Insperity by 26.4% in the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 216 shares during the last quarter. Quarry LP boosted its holdings in shares of Insperity by 205.6% during the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 732 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Insperity by 21.7% in the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after purchasing an additional 206 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Trading Down 1.1 %

NSP opened at $75.67 on Friday. The company has a fifty day moving average of $78.15 and a 200-day moving average of $86.42. Insperity, Inc. has a twelve month low of $71.69 and a twelve month high of $118.50. 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 cap of $2.83 billion, a PE ratio of 24.02 and a beta of 1.14.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Tuesday, December 10th. Insperity’s payout ratio is 76.19%.

Wall Street Analyst Weigh In

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

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.