Insperity, Inc. (NYSE:NSP) Shares Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board grew its stake in Insperity, Inc. (NYSE:NSP) by 110.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,049 shares of the business services provider’s stock after purchasing an additional 16,849 shares during the period. Ontario Teachers Pension Plan Board owned about 0.09% of Insperity worth $2,820,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. nVerses Capital LLC purchased a new stake in Insperity in the 2nd quarter worth approximately $64,000. EntryPoint Capital LLC boosted its position in Insperity by 164.3% in the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock worth $94,000 after purchasing an additional 534 shares in the last quarter. KBC Group NV boosted its position in Insperity by 26.4% in 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 in the last quarter. Covestor Ltd boosted its position in Insperity by 264.7% in the 1st quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock worth $114,000 after purchasing an additional 757 shares in the last quarter. Finally, Quarry LP boosted its position in Insperity by 205.6% in the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after purchasing an additional 732 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Stock Down 1.1 %

NYSE NSP opened at $72.51 on Wednesday. The business has a fifty day moving average price of $84.35 and a 200 day moving average price of $91.73. Insperity, Inc. has a one year low of $71.70 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 company has a market cap of $2.71 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.05 and a beta of 1.12.

Wall Street Analysts Forecast Growth

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