Fmr LLC Significantly Reduces Its Stake in Insperity, Inc.

Fmr LLC has lowered its stake in Insperity, Inc. (NYSE:NSP - Free Report) by an astounding 99.2% in the third quarter, as disclosed in the company’s latest filing with the SEC. After a substantial sell-off of 361,510 shares during the quarter, Fmr LLC now holds just 2,847 shares of the business services provider. The value of Fmr LLC’s remaining holding in Insperity is estimated to be around $251,000 as of the end of the most recent reporting period.

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Additionally, other prominent investors have recently adjusted their stakes in the company. Mawer Investment Management Ltd. increased its holdings in Insperity by 4.0% during the second quarter, now owning 5,188,547 shares with a total value of $473,247,000 after acquiring an extra 197,309 shares. Earnest Partners LLC also raised its investments by 2.5% during the same quarter, owning 1,323,680 shares worth around $120,733,000 after the purchase of 32,542 additional shares.

Moreover, Charles Schwab Investment Management Inc. improved its position by 4.9% in the third quarter, now holding 1,260,768 shares valued at $110,948,000 after boosting its holdings by 59,216 shares. Reinhart Partners LLC. increased their stake by 6.7% during this quarter, owning 1,082,034 shares worth approximately $95,219,000 after acquiring an additional 68,160 shares. Finally, Massachusetts Financial Services Co. MA enhanced its stake by 32.3%, now owning 882,324 shares valued at $77,645,000 after purchasing an additional 215,206 shares. Institutional investors currently hold 93.44% of the company's stock.

Insperity Price Performance

As of the latest market opening, shares of NYSE:NSP traded at $76.11. Insperity holds a market capitalization of $2.85 billion, carries a PE ratio of 24.16, and has a beta of 1.15. The company’s current and quick ratios sit at 1.16, while the debt-to-equity ratio stands at 2.95. Over the past year, Insperity's stock has experienced a low of $71.69 and a high of $119.02. Its 50-day moving average is reported at $80.47, with the 200-day moving average at $88.14.

Insperity Dividend Announcement

The company has also recently made an announcement regarding its quarterly dividend payment, scheduled for Tuesday, December 24th. Shareholders on record by Tuesday, December 10th, will receive a dividend of $0.60 per share. This translates to an annualized dividend of $2.40, resulting in a dividend yield of 3.15%. The ex-dividend date is set for December 10th, and Insperity's payout ratio currently stands at 76.19%.

Wall Street Analyst Perspectives

Recent evaluations from various equities analysts have been noted regarding Insperity shares. JPMorgan Chase & Co. initiated coverage of Insperity on Tuesday, October 22nd, assigning an "underweight" rating and setting a price target of $90.00. On November 4th, StockNews.com downgraded Insperity from a "buy" to a "hold" rating. Truist Financial also lowered its price target from $95.00 to $88.00, maintaining a "hold" rating in their research note dated November 1st. Furthermore, William Blair revised their rating from "outperform" to "market perform" on September 24th. The consensus from one investment analyst recommends a sell rating, while four analysts issued hold ratings for the stock. MarketBeat.com data indicates a consensus rating of "Hold" and a price target of $95.67.

Read Our Latest Stock Report on NSP

About Insperity

(Free Report)

Insperity, Inc specializes in providing human resources (HR) and business solutions aimed at enhancing business performance for small and medium-sized enterprises mainly across the United States. The company offers a range of HR services through its workforce optimization and synchronization solutions, which include functions such as payroll and employment administration, employee benefits, workers' compensation, compliance with government regulations, performance management, and training and development.

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This news alert was generated using technology designed for financial reporting to provide quick and accurate updates. This article was reviewed prior to publication.

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