Cambiar Investors LLC Sells 1,420 Shares of Insperity, Inc. (NYSE:NSP)

Cambiar Investors LLC lowered its position in shares of Insperity, Inc. (NYSE:NSP) by 7.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,883 shares of the business services provider’s stock after selling 1,420 shares during the quarter. Cambiar Investors LLC’s holdings in Insperity were worth $1,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in Insperity by 32.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock worth $77,645,000 after acquiring an additional 215,206 shares during the period. Geode Capital Management LLC raised its holdings in shares of Insperity by 16.7% in the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock worth $85,254,000 after purchasing an additional 138,837 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in Insperity in the third quarter valued at approximately $8,690,000. Reinhart Partners LLC. lifted its stake in Insperity by 8.3% in the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock valued at $90,830,000 after purchasing an additional 89,809 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Insperity by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,260,768 shares of the business services provider’s stock valued at $110,948,000 after purchasing an additional 59,216 shares during the period. Institutional investors own 93.44% of the company’s stock.

Insperity Trading Up 5.7 %

NYSE:NSP opened at $85.47 on Wednesday. The company has a market cap of $3.20 billion, a P/E ratio of 27.13 and a beta of 1.13. Insperity, Inc. has a 1 year low of $68.79 and a 1 year high of $110.72. 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 stock’s fifty day moving average price is $77.98 and its two-hundred day moving average price is $83.67.

Insperity Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 2.81%. Insperity’s dividend payout ratio is currently 76.19%.

Analyst Ratings Changes

Several analysts have issued reports on NSP shares. Truist Financial lowered their target price on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. began 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. Finally, StockNews.com lowered shares of Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Insperity currently has a consensus rating of “Hold” and a consensus target price 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.