Insperity, Inc. (NYSE:NSP) Receives Consensus Recommendation of “Reduce” from Analysts

Insperity, Inc. (NYSE:NSP) has been given a consensus rating of “Reduce” by the four brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $95.67.

A number of brokerages recently issued reports on NSP. Truist Financial decreased their price target on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday. JPMorgan Chase & Co. assumed coverage on Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price for the company. Finally, William Blair cut shares of Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Insperity Trading Down 4.7 %

Shares of Insperity stock traded down $3.72 during trading on Friday, hitting $75.05. The stock had a trading volume of 208,508 shares, compared to its average volume of 273,063. Insperity has a 12 month low of $74.33 and a 12 month high of $119.40. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.17 and a quick ratio of 1.17. The firm’s fifty day simple moving average is $87.76 and its 200-day simple moving average is $94.33. The stock has a market cap of $2.82 billion, a PE ratio of 17.77, a PEG ratio of 2.24 and a beta of 1.11.

Insperity (NYSE:NSP) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts expect that Insperity will post 2.42 EPS for the current fiscal year.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity’s payout ratio is 56.60%.

Insider Buying and Selling

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the transaction, the chief executive officer now directly owns 509,129 shares in the company, valued at approximately $46,956,967.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Insperity

A number of hedge funds have recently made changes to their positions in NSP. Allspring Global Investments Holdings LLC raised its holdings in Insperity by 13.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,705 shares of the business services provider’s stock worth $845,000 after purchasing an additional 906 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of Insperity by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 8,650 shares of the business services provider’s stock worth $948,000 after acquiring an additional 200 shares in the last quarter. Retirement Systems of Alabama lifted its position in Insperity by 0.3% during the first quarter. Retirement Systems of Alabama now owns 44,484 shares of the business services provider’s stock valued at $4,876,000 after acquiring an additional 126 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Insperity by 63.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,337 shares of the business services provider’s stock valued at $3,228,000 after acquiring an additional 10,969 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Insperity by 0.9% during the first quarter. BNP Paribas Financial Markets now owns 32,924 shares of the business services provider’s stock worth $3,609,000 after purchasing an additional 283 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

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.