Harbor Capital Advisors Inc. Increases Stock Holdings in Insperity, Inc. (NYSE:NSP)

Harbor Capital Advisors Inc. lifted its stake in shares of Insperity, Inc. (NYSE:NSP) by 8.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 114,924 shares of the business services provider’s stock after acquiring an additional 8,972 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Insperity were worth $8,908,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Insperity in the third quarter valued at $32,000. Millburn Ridgefield Corp acquired a new stake in shares of Insperity in the 3rd quarter valued at about $53,000. KBC Group NV grew its stake in Insperity by 26.4% during the 3rd 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 last quarter. Quarry LP increased its position 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 period. Finally, Covestor Ltd lifted its stake 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 last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insperity Stock Performance

Shares of NYSE:NSP traded down $1.06 during midday trading on Friday, hitting $74.71. The stock had a trading volume of 136,049 shares, compared to its average volume of 287,902. Insperity, Inc. has a 1 year low of $71.69 and a 1 year high of $118.50. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. The stock has a 50 day moving average price of $78.15 and a two-hundred day moving average price of $86.42. The company has a market capitalization of $2.79 billion, a PE ratio of 23.72 and a beta of 1.14.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Tuesday, December 10th. Insperity’s dividend payout ratio is presently 76.19%.

Wall Street Analyst Weigh In

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

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.