Amalgamated Bank Sells 1,050 Shares of Insperity, Inc. (NYSE:NSP)

Amalgamated Bank decreased its holdings in Insperity, Inc. (NYSE:NSP) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,321 shares of the business services provider’s stock after selling 1,050 shares during the period. Amalgamated Bank’s holdings in Insperity were worth $1,436,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC purchased a new stake in shares of Insperity in the second quarter worth approximately $64,000. EntryPoint Capital LLC increased its stake in Insperity by 164.3% in the first quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock worth $94,000 after purchasing an additional 534 shares during the period. Quarry LP increased its stake in Insperity by 205.6% in the second quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after purchasing an additional 732 shares during the period. Accordant Advisory Group Inc bought a new stake in shares of Insperity during the second quarter worth $109,000. Finally, Covestor Ltd boosted its stake in shares of Insperity by 264.7% during the first quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 757 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Insperity Stock Up 0.9 %

NSP stock opened at $77.56 on Thursday. The stock has a market capitalization of $2.90 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.16 and a beta of 1.12. Insperity, Inc. has a 52 week low of $74.32 and a 52 week high of $119.40. 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 firm has a 50 day moving average of $85.42 and a 200 day moving average of $92.54.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, September 5th. This represents a $2.40 annualized dividend and a dividend yield of 3.09%. Insperity’s dividend payout ratio (DPR) is presently 76.19%.

Wall Street Analysts Forecast Growth

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