Harbor Capital Advisors Inc. Boosts Position in Insperity, Inc. (NYSE:NSP)

Harbor Capital Advisors Inc. increased its position in shares of Insperity, Inc. (NYSE:NSP) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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. owned approximately 0.31% of Insperity worth $8,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in shares of Insperity by 0.9% in the 3rd quarter. State Street Corp now owns 1,287,058 shares of the business services provider’s stock valued at $113,261,000 after buying an additional 11,123 shares during the period. Barclays PLC grew its position in Insperity by 129.7% in the third quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock worth $7,269,000 after acquiring an additional 46,625 shares during the period. Verition Fund Management LLC increased its stake in Insperity by 274.2% during the third quarter. Verition Fund Management LLC now owns 14,306 shares of the business services provider’s stock worth $1,259,000 after acquiring an additional 10,483 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Insperity by 32.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock valued at $77,645,000 after purchasing an additional 215,206 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in shares of Insperity in the 2nd quarter valued at $5,536,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Stock Down 1.4 %

NSP traded down $1.06 during trading hours on Friday, hitting $74.71. 136,049 shares of the company’s stock were exchanged, compared to its average volume of 287,902. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. Insperity, Inc. has a 12-month low of $71.69 and a 12-month high of $118.50. The firm has a market cap of $2.79 billion, a P/E ratio of 23.72 and a beta of 1.14. The firm has a 50 day moving average of $78.15 and a 200 day moving average of $86.42.

Insperity Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on NSP shares. StockNews.com downgraded Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Truist Financial reduced their price target 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. William Blair cut shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. assumed coverage on Insperity in a research report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price on the stock. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $95.67.

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.