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

Insperity, Inc. (NYSE:NSP) has received an average rating of “Reduce” from the four ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $95.67.

A number of equities research analysts have weighed in on the stock. William Blair downgraded shares of Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. StockNews.com lowered shares of Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. started coverage on shares of Insperity in a research report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target for the company. Finally, Truist Financial cut their price target on shares of Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 1st.

Hedge Funds Weigh In On Insperity

Institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Insperity during the third quarter worth about $32,000. Millburn Ridgefield Corp acquired a new position in shares of Insperity in the 3rd quarter worth approximately $53,000. nVerses Capital LLC acquired a new position in shares of Insperity in the 2nd quarter worth approximately $64,000. KBC Group NV increased 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 valued at $91,000 after acquiring an additional 216 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Insperity by 205.6% in the second quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after acquiring an additional 732 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insperity Price Performance

Shares of NYSE:NSP opened at $76.82 on Friday. The firm has a market capitalization of $2.87 billion, a PE ratio of 24.39 and a beta of 1.15. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. Insperity has a 1-year low of $71.69 and a 1-year high of $119.02. The business’s 50 day moving average is $79.28 and its 200-day moving average is $87.49.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity’s payout ratio is 76.19%.

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.