Insperity Inc (NYSE:NSP) declared a quarterly dividend on Friday, August 23rd, NASDAQ reports. Stockholders of record on Monday, September 9th will be paid a dividend of 0.30 per share by the business services provider on Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, September 6th.
Insperity has increased its dividend by an average of 23.5% annually over the last three years and has raised its dividend every year for the last 7 years. Insperity has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Insperity to earn $4.99 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 24.0%.
Shares of NYSE:NSP traded up $1.41 on Wednesday, hitting $98.76. 4,636 shares of the company’s stock were exchanged, compared to its average volume of 453,361. Insperity has a 12 month low of $86.63 and a 12 month high of $144.92. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.35 and a beta of 1.10. The business’s 50 day simple moving average is $108.08 and its two-hundred day simple moving average is $119.03. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.19 and a quick ratio of 1.19.
A number of research analysts have issued reports on NSP shares. ValuEngine downgraded Insperity from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Roth Capital decreased their price target on Insperity from $147.00 to $138.00 in a report on Tuesday, July 30th. Finally, Robert W. Baird set a $141.00 price target on Insperity and gave the company a “buy” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Insperity presently has an average rating of “Buy” and a consensus target price of $135.25.
In other news, Director Austin P. Young sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $120.97, for a total transaction of $362,910.00. Following the sale, the director now owns 21,616 shares of the company’s stock, valued at approximately $2,614,887.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Arthur A. Arizpe sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $138.00, for a total value of $690,000.00. Following the sale, the insider now directly owns 32,633 shares in the company, valued at approximately $4,503,354. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,618 shares of company stock worth $2,621,620. 6.86% of the stock is owned by corporate insiders.
Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which 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.
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