Edgestream Partners L.P. Sells 23,802 Shares of Insperity, Inc. (NYSE:NSP)

Edgestream Partners L.P. trimmed its holdings in shares of Insperity, Inc. (NYSE:NSP) by 71.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,500 shares of the business services provider’s stock after selling 23,802 shares during the quarter. Edgestream Partners L.P.’s holdings in Insperity were worth $836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of Insperity by 612.5% in the 2nd quarter. SG Americas Securities LLC now owns 14,471 shares of the business services provider’s stock worth $1,320,000 after purchasing an additional 12,440 shares in the last quarter. Diversified Trust Co raised its stake in shares of Insperity by 7.9% in the second quarter. Diversified Trust Co now owns 9,382 shares of the business services provider’s stock worth $856,000 after buying an additional 687 shares during the period. Andina Capital Management LLC lifted its position in shares of Insperity by 5.4% during the 2nd quarter. Andina Capital Management LLC now owns 2,736 shares of the business services provider’s stock valued at $250,000 after buying an additional 140 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Insperity by 32.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,161 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 766 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Insperity by 70.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 16,850 shares of the business services provider’s stock worth $1,537,000 after acquiring an additional 6,958 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. William Blair downgraded shares of Insperity from an “outperform” rating to a “market perform” rating in a report 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. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, 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 for the company. 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, the company currently has a consensus rating of “Hold” and an average price target of $95.67.

Insperity Stock Performance

Shares of NYSE NSP opened at $82.88 on Thursday. The firm’s fifty day moving average is $81.76 and its two-hundred day moving average is $89.61. Insperity, Inc. has a 52-week low of $71.69 and a 52-week high of $119.40. The company has a market cap of $3.10 billion, a P/E ratio of 26.31, a P/E/G ratio of 2.28 and a beta of 1.15. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Tuesday, December 10th. Insperity’s dividend payout ratio is presently 76.19%.

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.