FORA Capital LLC Takes Position in Insperity, Inc. (NYSE:NSP)

FORA Capital LLC purchased a new position in shares of Insperity, Inc. (NYSE:NSP) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 5,537 shares of the business services provider’s stock, valued at approximately $487,000.

Other large investors have also recently made changes to their positions in the company. Mawer Investment Management Ltd. lifted its stake in Insperity by 4.0% in the second quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider’s stock worth $473,247,000 after purchasing an additional 197,309 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Insperity by 2.5% in the second quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider’s stock worth $120,733,000 after buying an additional 32,542 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Insperity by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,260,768 shares of the business services provider’s stock worth $110,948,000 after acquiring an additional 59,216 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in Insperity by 6.7% during 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 acquiring an additional 68,160 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Insperity by 32.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock valued at $77,645,000 after acquiring an additional 215,206 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insperity Price Performance

Shares of NSP opened at $78.45 on Friday. The stock has a market capitalization of $2.93 billion, a PE ratio of 24.90, a PEG ratio of 2.24 and a beta of 1.12. The company has a 50 day moving average price of $82.40 and a 200-day moving average price of $90.35. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. Insperity, Inc. has a fifty-two week low of $71.69 and a fifty-two week high of $119.40.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be issued a $0.60 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.06%. Insperity’s dividend payout ratio is presently 76.19%.

Wall Street Analysts Forecast Growth

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

About Insperity

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.