Farther Finance Advisors LLC Lowers Holdings in Insperity, Inc. (NYSE:NSP)

Farther Finance Advisors LLC reduced its stake in shares of Insperity, Inc. (NYSE:NSP) by 18.1% in the 3rd quarter, Holdings Channel reports. The fund owned 4,083 shares of the business services provider’s stock after selling 901 shares during the period. Farther Finance Advisors LLC’s holdings in Insperity were worth $359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of NSP. Andina Capital Management LLC grew its stake in shares of Insperity by 5.4% during the 2nd quarter. Andina Capital Management LLC now owns 2,736 shares of the business services provider’s stock worth $250,000 after purchasing an additional 140 shares during the period. Grandeur Peak Global Advisors LLC increased its holdings in Insperity by 0.3% in the first quarter. Grandeur Peak Global Advisors LLC now owns 43,984 shares of the business services provider’s stock valued at $4,821,000 after buying an additional 146 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Insperity by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider’s stock worth $3,929,000 after acquiring an additional 150 shares during the period. Arizona State Retirement System boosted its stake in shares of Insperity by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider’s stock worth $905,000 after acquiring an additional 185 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Insperity by 0.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 31,168 shares of the business services provider’s stock worth $3,418,000 after acquiring an additional 215 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NSP has been the subject of a number of analyst reports. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. started coverage on shares of Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target on the stock. William Blair cut shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. Finally, Truist Financial dropped their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Insperity presently has an average rating of “Hold” and a consensus price target of $95.67.

Insperity Stock Down 2.7 %

Shares of NSP opened at $80.71 on Friday. The stock has a 50 day moving average price of $86.28 and a 200 day moving average price of $93.36. Insperity, Inc. has a one year low of $74.32 and a one year high of $119.40. 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 $3.02 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 1.44 and a beta of 1.12.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Thursday, September 5th. Insperity’s dividend payout ratio (DPR) is 76.19%.

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.