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

Insperity, Inc. (NYSE:NSP) has been given an average rating of “Reduce” by the four research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $95.67.

NSP has been the subject of several recent analyst reports. JPMorgan Chase & Co. started coverage on Insperity in a research note on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price for the company. StockNews.com downgraded shares of Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Truist Financial dropped their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, William Blair cut shares of Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Institutional Trading of Insperity

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. boosted its stake in Insperity by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 20,821 shares of the business services provider’s stock valued at $1,844,000 after purchasing an additional 909 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Insperity by 84.3% in the third quarter. Tidal Investments LLC now owns 7,385 shares of the business services provider’s stock valued at $650,000 after purchasing an additional 3,377 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Insperity during the third quarter valued at approximately $32,000. Geode Capital Management LLC grew its holdings in Insperity by 16.7% during the third quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock worth $85,254,000 after buying an additional 138,837 shares in the last quarter. Finally, Barclays PLC raised its position in Insperity by 129.7% in the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock valued at $7,269,000 after buying an additional 46,625 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

Insperity Stock Performance

Shares of Insperity stock opened at $76.43 on Friday. The business has a 50-day moving average price of $79.97 and a two-hundred day moving average price of $87.75. Insperity has a 1-year low of $71.69 and a 1-year high of $119.02. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. The company has a market cap of $2.86 billion, a P/E ratio of 24.26 and a beta of 1.15.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Tuesday, December 10th. Insperity’s dividend payout ratio is currently 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.