Mutual of America Capital Management LLC Reduces Holdings in Insperity, Inc. (NYSE:NSP)

Mutual of America Capital Management LLC trimmed its position in Insperity, Inc. (NYSE:NSP) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,275 shares of the business services provider’s stock after selling 1,208 shares during the period. Mutual of America Capital Management LLC’s holdings in Insperity were worth $1,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in NSP. Andina Capital Management LLC lifted its holdings in shares of Insperity by 5.4% in the 2nd quarter. Andina Capital Management LLC now owns 2,736 shares of the business services provider’s stock valued at $250,000 after buying an additional 140 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in 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 acquiring an additional 150 shares during the period. Arizona State Retirement System boosted its position in Insperity by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider’s stock worth $905,000 after purchasing an additional 185 shares in the last quarter. Covestor Ltd grew its stake in shares of Insperity by 21.7% during 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 during the period. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of Insperity by 9.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insperity Stock Up 4.7 %

NSP stock opened at $79.63 on Tuesday. Insperity, Inc. has a 52 week low of $71.69 and a 52 week high of $119.40. 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 firm has a 50-day simple moving average of $83.11 and a 200-day simple moving average of $90.71. The stock has a market capitalization of $2.98 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.14 and a beta of 1.12.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid 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 yield of 3.01%. Insperity’s dividend payout ratio (DPR) is currently 76.19%.

Insperity 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.