Principal Financial Group Inc. lowered its holdings in shares of Insperity, Inc. (NYSE:NSP – Free Report) by 39.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 83,607 shares of the business services provider’s stock after selling 54,216 shares during the period. Principal Financial Group Inc.’s holdings in Insperity were worth $7,357,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in Insperity by 0.3% during 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. Arizona State Retirement System grew its position in Insperity by 1.9% during 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 last quarter. Covestor Ltd increased its stake 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 during the period. Crossmark Global Holdings Inc. increased its stake in Insperity by 9.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock worth $222,000 after purchasing an additional 213 shares during the period. Finally, KBC Group NV boosted its stake in shares of Insperity by 26.4% during 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 period. Hedge funds and other institutional investors own 93.44% of the company’s stock.
Insperity Stock Up 0.2 %
Shares of Insperity stock opened at $77.51 on Wednesday. The company’s fifty day simple moving average is $78.90 and its two-hundred day simple moving average is $87.17. Insperity, Inc. has a 12-month low of $71.69 and a 12-month high of $119.02. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. The company has a market cap of $2.90 billion, a P/E ratio of 24.61 and a beta of 1.15.
Insperity Dividend Announcement
Wall Street Analysts Forecast Growth
NSP has been the topic of several analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price on the stock. William Blair downgraded shares of Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. Truist Financial dropped their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, StockNews.com downgraded Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $95.67.
Get Our Latest Stock Analysis on Insperity
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.
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