Logan Capital Management Inc. Has $6.16 Million Position in Insperity, Inc. (NYSE:NSP)

Logan Capital Management Inc. lessened its holdings in shares of Insperity, Inc. (NYSE:NSP) by 0.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 69,950 shares of the business services provider’s stock after selling 124 shares during the period. Logan Capital Management Inc.’s holdings in Insperity were worth $6,156,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its stake in shares of Insperity by 32.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock worth $77,645,000 after purchasing an additional 215,206 shares during the period. Mawer Investment Management Ltd. boosted its holdings in Insperity by 4.0% during the second quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider’s stock worth $473,247,000 after buying an additional 197,309 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Insperity by 16.7% during the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock worth $85,254,000 after buying an additional 138,837 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Insperity during the 3rd quarter worth about $8,690,000. Finally, Reinhart Partners LLC. increased its stake in shares of Insperity by 6.7% in the 3rd quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider’s stock valued at $95,219,000 after acquiring an additional 68,160 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insperity Stock Down 0.5 %

Shares of NYSE:NSP traded down $0.45 during midday trading on Friday, reaching $82.94. 38,229 shares of the company were exchanged, compared to its average volume of 288,185. The firm has a market cap of $3.10 billion, a PE ratio of 26.48 and a beta of 1.15. Insperity, Inc. has a fifty-two week low of $71.69 and a fifty-two week high of $119.40. The stock has a fifty day simple moving average of $81.37 and a two-hundred day simple moving average of $88.87. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be issued a $0.60 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.89%. Insperity’s dividend payout ratio (DPR) is 76.19%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NSP. JPMorgan Chase & Co. began coverage on shares of Insperity in a report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price objective for the company. William Blair lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. StockNews.com cut shares of Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Truist Financial reduced their target price on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently 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.