Quantbot Technologies LP Has $2.90 Million Holdings in Insperity, Inc. (NYSE:NSP)

Quantbot Technologies LP boosted its holdings in Insperity, Inc. (NYSE:NSP) by 150.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 32,987 shares of the business services provider’s stock after purchasing an additional 19,831 shares during the quarter. Quantbot Technologies LP’s holdings in Insperity were worth $2,903,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in shares of Insperity in the second quarter valued at approximately $64,000. KBC Group NV raised its position in Insperity by 26.4% in the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after buying an additional 216 shares during the last quarter. Quarry LP lifted its stake in Insperity by 205.6% during the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 732 shares in the last quarter. Covestor Ltd boosted its holdings in Insperity by 21.7% during the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after acquiring an additional 206 shares during the last quarter. Finally, Accordant Advisory Group Inc bought a new stake in shares of Insperity in the 2nd quarter worth $109,000. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Stock Down 0.1 %

NSP opened at $78.45 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.24 and a beta of 1.12. The company’s 50-day moving average price is $82.68 and its two-hundred day moving average price is $90.44. Insperity, Inc. has a twelve month low of $71.69 and a twelve month high of $119.40.

Insperity Dividend Announcement

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

Wall Street Analysts Forecast Growth

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