Tidal Investments LLC Boosts Stake in Insperity, Inc. by 84.3%

Tidal Investments LLC has significantly increased its investment in Insperity, Inc. (NYSE:NSP) during the third quarter, as reported by Holdings Channel. The institutional investor raised its stake by 84.3%, bringing the total number of shares owned to 7,385 after adding 3,377 shares during this period. By the end of the most recent quarter, Tidal Investments LLC’s holdings in Insperity were valued at approximately $650,000.

In addition to Tidal Investments, several other institutional investors also made adjustments to their positions in Insperity recently. Notably, The Manufacturers Life Insurance Company increased its holdings by 0.3% in the second quarter, now owning 43,075 shares worth about $3,929,000 after acquiring an additional 150 shares. Similarly, the Arizona State Retirement System boosted its stake by 1.9%, owning 9,918 shares valued at $905,000 after purchasing an extra 185 shares.

Covestor Ltd experienced a substantial growth of 21.7% in its investment in Insperity in the third quarter, bringing its total ownership to 1,156 shares worth around $102,000. Crossmark Global Holdings Inc. reported a 9.2% increase in its stake during the same quarter, owning 2,525 shares valued at $222,000 after adding 213 shares. KBC Group NV also saw a 26.4% rise in its position, now holding 1,034 shares valued at $91,000 after acquiring 216 more shares.

Overall, institutional investors currently own about 93.44% of Insperity’s stock, indicating strong institutional interest in the company.

Analyst Perspectives

Recent analyst evaluations of Insperity have shown mixed sentiments. For instance, StockNews.com downgraded the stock’s status from “buy” to “hold” on November 4. Similarly, Truist Financial revised its price target from $95.00 to $88.00 with a “hold” rating, while JPMorgan Chase & Co. initiated coverage with an “underweight” rating and set a target price of $90.00 on October 22.

William Blair also lowered its recommendation from “outperform” to “market perform” on September 24. The overall consensus among investment analysts is a “hold” rating, with an average price target set at $95.67, reflecting cautious optimism.

Insperity's Market Performance

As of the latest trading session, Insperity shares opened at $76.11. The company’s fifty-day moving average stands at $80.47, while the two-hundred day moving average is at $88.09. The stock has fluctuated between a fifty-two week low of $71.69 and a high of $119.02. In terms of financial metrics, Insperity holds a debt-to-equity ratio of 2.95 and has a market capitalization of $2.85 billion with a PE ratio of 24.16.

Dividend Announcement

Insperity recently declared a quarterly dividend that will be distributed on December 24. Shareholders on record as of December 10 will receive a $0.60 dividend, culminating in an annualized dividend of $2.40 and a yield of 3.15%. The ex-dividend date for this distribution was also December 10, and the company maintains a dividend payout ratio of 76.19%.

Company Overview

Insperity, Inc. specializes in providing human resources (HR) and business solutions designed to enhance business performance for small and medium-sized enterprises across the United States. The company's HR services encompass workforce optimization and synchronization solutions, covering a wide array of HR functions including payroll management, employee benefits, compliance with government regulations, performance management, and employee training.

Investment, Stock, Hedgefund