Insperity, Inc. (NYSE:NSP) Shares Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board increased its holdings in shares of Insperity, Inc. (NYSE:NSP) by 110.8% in the third quarter, Holdings Channel reports. The firm owned 32,049 shares of the business services provider’s stock after buying an additional 16,849 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Insperity were worth $2,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NSP. SG Americas Securities LLC increased its position in shares of Insperity by 15.7% during the 1st quarter. SG Americas Securities LLC now owns 2,031 shares of the business services provider’s stock worth $223,000 after purchasing an additional 276 shares during the last quarter. US Bancorp DE boosted its holdings in Insperity by 10.1% during the 1st quarter. US Bancorp DE now owns 3,163 shares of the business services provider’s stock valued at $347,000 after acquiring an additional 290 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Insperity by 10.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,445 shares of the business services provider’s stock valued at $1,391,000 after acquiring an additional 1,040 shares during the period. Vanguard Group Inc. boosted its holdings in Insperity by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock valued at $428,696,000 after acquiring an additional 182,773 shares during the period. Finally, Covestor Ltd boosted its holdings in Insperity by 264.7% during the 1st quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 757 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on NSP. William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. assumed 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. Finally, Truist Financial decreased their price objective on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.67.

Insperity Stock Performance

Shares of NSP opened at $72.51 on Wednesday. The stock has a 50-day simple moving average of $84.35 and a 200-day simple moving average of $91.73. 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 $2.71 billion, a PE ratio of 23.02, a PEG ratio of 2.05 and a beta of 1.12. Insperity, Inc. has a 1 year low of $71.70 and a 1 year high of $119.40.

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.