Quantbot Technologies LP Buys 19,831 Shares of Insperity, Inc. (NYSE:NSP)

Quantbot Technologies LP lifted its stake in shares of Insperity, Inc. (NYSE:NSP) by 150.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,987 shares of the business services provider’s stock after acquiring an additional 19,831 shares during the quarter. Quantbot Technologies LP owned approximately 0.09% of Insperity worth $2,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. nVerses Capital LLC bought a new position in Insperity during the 2nd quarter worth approximately $64,000. KBC Group NV increased its position 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 worth $91,000 after buying an additional 216 shares during the period. Quarry LP raised its stake in Insperity by 205.6% during 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. Covestor Ltd lifted its holdings in Insperity by 21.7% in the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after buying an additional 206 shares during the period. Finally, Accordant Advisory Group Inc bought a new stake in Insperity during the second quarter valued at $109,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Insperity Stock Performance

Shares of NSP opened at $78.45 on Thursday. Insperity, Inc. has a one year low of $71.69 and a one year high of $119.40. The company has a market cap of $2.93 billion, a PE ratio of 24.90, a P/E/G ratio of 2.24 and a beta of 1.12. The stock has a 50-day moving average of $82.68 and a 200-day moving average of $90.44. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a yield of 3.06%. Insperity’s dividend payout ratio (DPR) is presently 76.19%.

Analyst Ratings Changes

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