Insperity, Inc. (NYSE:NSP) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its position in Insperity, Inc. (NYSE:NSP) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,821 shares of the business services provider’s stock after acquiring an additional 909 shares during the quarter. Franklin Resources Inc. owned about 0.06% of Insperity worth $1,844,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NSP. Wilmington Savings Fund Society FSB purchased a new stake in Insperity during the 3rd quarter valued at about $32,000. Millburn Ridgefield Corp purchased a new stake in Insperity in the third quarter valued at $53,000. nVerses Capital LLC acquired a new position in Insperity in the second quarter valued at about $64,000. KBC Group NV boosted its position in shares of Insperity by 26.4% during the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after purchasing an additional 216 shares during the period. Finally, Quarry LP grew its stake in shares of Insperity by 205.6% in the second quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock valued at $99,000 after buying an additional 732 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insperity Price Performance

NSP stock opened at $77.65 on Friday. The firm has a 50 day moving average of $79.72 and a 200-day moving average of $87.67. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 24.65 and a beta of 1.15. Insperity, Inc. has a 12-month low of $71.69 and a 12-month high of $119.02.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.09%. Insperity’s dividend payout ratio is presently 76.19%.

Analyst Upgrades and Downgrades

NSP has been the subject of several recent research reports. Truist Financial lowered their price objective 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. JPMorgan Chase & Co. began coverage on Insperity in a report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target for the company. StockNews.com lowered shares of Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, William Blair downgraded shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.