HighTower Advisors LLC Buys 423 Shares of Insperity, Inc. (NYSE:NSP)

HighTower Advisors LLC increased its stake in Insperity, Inc. (NYSE:NSP) by 6.6% in the 3rd quarter, Holdings Channel reports. The firm owned 6,808 shares of the business services provider’s stock after purchasing an additional 423 shares during the period. HighTower Advisors LLC’s holdings in Insperity were worth $596,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position 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 purchasing an additional 150 shares during the period. Arizona State Retirement System raised its holdings 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 acquiring an additional 185 shares during the period. Covestor Ltd lifted its position in 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 acquiring an additional 206 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Insperity by 9.2% during the third quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 213 shares during the period. Finally, KBC Group NV grew its position in shares of Insperity by 26.4% in the third 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 during the last quarter. Institutional investors own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NSP shares. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. William Blair lowered Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. 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 cut their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Insperity has a consensus rating of “Hold” and a consensus target price of $95.67.

Insperity Trading Down 1.3 %

Shares of NSP opened at $76.61 on Friday. The stock’s 50-day moving average price is $80.70 and its 200 day moving average price is $88.28. 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 market capitalization of $2.86 billion, a price-to-earnings ratio of 24.32 and a beta of 1.15. Insperity, Inc. has a 12-month low of $71.69 and a 12-month high of $119.26.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, December 10th. Insperity’s dividend payout ratio is presently 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.