Insperity, Inc. (NYSE:NSP) Shares Acquired by Quest Partners LLC

Quest Partners LLC lifted its stake in shares of Insperity, Inc. (NYSE:NSP) by 259.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,023 shares of the business services provider’s stock after purchasing an additional 8,681 shares during the period. Quest Partners LLC’s holdings in Insperity were worth $1,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in NSP. Mawer Investment Management Ltd. lifted its holdings in shares of Insperity by 4.0% in the 2nd quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider’s stock worth $473,247,000 after acquiring an additional 197,309 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Insperity by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock valued at $428,696,000 after purchasing an additional 182,773 shares during the last quarter. Earnest Partners LLC increased its position in shares of Insperity by 2.5% in the 2nd quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider’s stock valued at $120,733,000 after purchasing an additional 32,542 shares during the last quarter. Reinhart Partners LLC. increased its position in shares of Insperity by 6.7% in the 3rd quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider’s stock valued at $95,219,000 after purchasing an additional 68,160 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Insperity by 5.3% in the 2nd quarter. Sei Investments Co. now owns 734,271 shares of the business services provider’s stock valued at $66,973,000 after purchasing an additional 37,091 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Trading Up 0.9 %

NYSE NSP opened at $73.17 on Thursday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The firm’s fifty day moving average price is $84.05 and its 200 day moving average price is $91.52. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.05 and a beta of 1.12. Insperity, Inc. has a 12 month low of $71.69 and a 12 month high of $119.40.

Wall Street Analyst Weigh In

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

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.