Geode Capital Management LLC Raises Stake in Insperity, Inc. (NYSE:NSP)

Geode Capital Management LLC increased its stake in shares of Insperity, Inc. (NYSE:NSP) by 16.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 968,634 shares of the business services provider’s stock after buying an additional 138,837 shares during the period. Geode Capital Management LLC owned about 2.59% of Insperity worth $85,254,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NSP. Millburn Ridgefield Corp bought a new position in shares of Insperity during the 3rd quarter valued at approximately $53,000. nVerses Capital LLC purchased a new position in Insperity in the second quarter valued at approximately $64,000. KBC Group NV grew its holdings in 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. Quarry LP increased its position in Insperity by 205.6% in the second quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after buying an additional 732 shares during the last quarter. Finally, Covestor Ltd increased its position in Insperity by 21.7% in the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after buying an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insperity Stock Performance

Shares of NSP opened at $76.61 on Friday. Insperity, Inc. has a 52-week low of $71.69 and a 52-week high of $119.26. The stock’s 50-day simple moving average is $80.70 and its 200 day simple moving average is $88.28. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 24.32 and a beta of 1.15.

Insperity Announces Dividend

The company 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. 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 payout ratio is 76.19%.

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.