Insperity, Inc. (NYSE:NSP) Stock Position Trimmed by Fifth Third Bancorp

Fifth Third Bancorp decreased its position in Insperity, Inc. (NYSE:NSP) by 29.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,380 shares of the business services provider’s stock after selling 6,903 shares during the period. Fifth Third Bancorp’s holdings in Insperity were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NSP. The Manufacturers Life Insurance Company lifted its holdings in shares of Insperity by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider’s stock valued at $3,929,000 after buying an additional 150 shares during the period. Covestor Ltd raised its position in Insperity by 21.7% in the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after acquiring an additional 206 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Insperity by 9.2% in the third quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock worth $222,000 after acquiring an additional 213 shares in the last quarter. KBC Group NV boosted its position in shares of Insperity by 26.4% during the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 216 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock worth $66,000 after purchasing an additional 267 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NSP. Truist Financial dropped their target price 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. StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. started coverage on Insperity in a report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $95.67.

Insperity Stock Down 0.3 %

Shares of NYSE:NSP opened at $80.00 on Wednesday. The firm has a 50 day simple moving average of $78.46 and a 200 day simple moving average of $85.25. Insperity, Inc. has a 52 week low of $71.69 and a 52 week high of $116.45. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $2.99 billion, a PE ratio of 25.40 and a beta of 1.14.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.00%. Insperity’s dividend payout ratio (DPR) is presently 76.19%.

Insperity Company Profile

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.