Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stock Position in Insperity, Inc. (NYSE:NSP)

The Commonwealth of Pennsylvania Public School Employees' Retirement System (PSERS) has decreased its stock position in Insperity, Inc. (NYSE: IPS) by approximately 10%. This move was made as part of the PSERS' ongoing efforts to diversify its investment portfolio and reduce risk.

Insperity is a leading provider of human capital management solutions, including payroll, benefits administration, and workforce management services. The company operates in various industries, including manufacturing, healthcare, and hospitality.

The PSERS is the largest public pension system in Pennsylvania, with over 1 million members and assets under management of approximately $200 billion. The system's investment portfolio includes a mix of stocks, bonds, real estate, and alternative investments, all aimed at generating competitive returns while managing risk.

The decision to reduce the PSERS' stock position in Insperity was made after careful analysis of the company's financial performance, growth prospects, and overall risk profile. The system's investment committee determined that the reduction in the stock position was consistent with its long-term investment objectives and risk tolerance.

The PSERS' decision to reduce its stock position in Insperity is not expected to have a significant impact on the company's financial performance or operations. However, it does reflect the system's ongoing commitment to managing risk and diversifying its investment portfolio to ensure long-term sustainability and stability for its members.