Retirement Systems of Alabama Has $3.81 Million Stock Holdings in Insperity, Inc. (NYSE:NSP)

Retirement Systems of Alabama trimmed its stake in Insperity, Inc. (NYSE:NSP) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,320 shares of the business services provider’s stock after selling 831 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Insperity worth $3,812,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. grew its stake in shares of Insperity by 4.6% in the third quarter. Franklin Resources Inc. now owns 20,821 shares of the business services provider’s stock valued at $1,844,000 after buying an additional 909 shares in the last quarter. Tidal Investments LLC lifted its stake in Insperity by 84.3% in the third quarter. Tidal Investments LLC now owns 7,385 shares of the business services provider’s stock valued at $650,000 after acquiring an additional 3,377 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Insperity in the third quarter valued at $32,000. Geode Capital Management LLC grew its position in shares of Insperity by 16.7% in the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock valued at $85,254,000 after acquiring an additional 138,837 shares during the period. Finally, Barclays PLC increased its stake in shares of Insperity by 129.7% during the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock worth $7,269,000 after purchasing an additional 46,625 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Analyst Upgrades and Downgrades

NSP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. assumed coverage on Insperity in a report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price target for the company. Truist Financial cut their price objective on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 1st. StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, William Blair downgraded Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $95.67.

Insperity Stock Down 1.3 %

Insperity stock opened at $76.61 on Friday. The company’s 50-day moving average price is $80.70 and its two-hundred day moving average price is $88.28. 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 stock has a market cap of $2.86 billion, a P/E ratio of 24.32 and a beta of 1.15. Insperity, Inc. has a twelve month low of $71.69 and a twelve month high of $119.26.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 3.13%. Insperity’s payout ratio is currently 76.19%.

Insperity Company 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.