Y Intercept Hong Kong Ltd Sells 1,840 Shares of Insperity, Inc. (NYSE:NSP)

Y Intercept Hong Kong Ltd decreased its position in Insperity, Inc. (NYSE:NSP) by 26.6% during the third quarter, Holdings Channel reports. The fund owned 5,069 shares of the business services provider’s stock after selling 1,840 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Insperity were worth $446,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Insperity by 0.9% during the 3rd quarter. State Street Corp now owns 1,287,058 shares of the business services provider’s stock worth $113,261,000 after acquiring an additional 11,123 shares during the last quarter. Stifel Financial Corp grew its holdings in Insperity by 5.8% during the third quarter. Stifel Financial Corp now owns 25,484 shares of the business services provider’s stock valued at $2,243,000 after purchasing an additional 1,405 shares during the period. Quarry LP increased its position in Insperity by 40.9% in the third quarter. Quarry LP now owns 1,533 shares of the business services provider’s stock worth $135,000 after buying an additional 445 shares in the last quarter. Petrus Trust Company LTA raised its stake in shares of Insperity by 276.6% in the third quarter. Petrus Trust Company LTA now owns 10,635 shares of the business services provider’s stock worth $936,000 after buying an additional 7,811 shares during the period. Finally, Millburn Ridgefield Corp purchased a new position in shares of Insperity during the 3rd quarter valued at about $53,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NSP shares. StockNews.com lowered shares of Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Truist Financial lowered their target price on shares of 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. initiated coverage on Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target for the company. Finally, William Blair downgraded Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $95.67.

Insperity Stock Down 5.7 %

Shares of NSP stock opened at $78.58 on Tuesday. The company’s fifty day simple moving average is $81.31 and its two-hundred day simple moving average is $88.65. Insperity, Inc. has a 52 week low of $71.69 and a 52 week high of $119.26. The stock has a market cap of $2.94 billion, a P/E ratio of 24.95 and a beta of 1.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95.

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 3.05%. The ex-dividend date is Tuesday, December 10th. Insperity’s dividend payout ratio is presently 76.19%.

Insperity 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.