Insperity, Inc. (NYSE:NSP) Given Average Recommendation of "Reduce" by Brokerages

Insperity, Inc. (NYSE:NSP - Get Free Report) has earned an average rating of "Reduce" from the four analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $95.67.

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

Institutional Investors Weigh In On Insperity

Several hedge funds have recently made changes to their positions in NSP. Value Holdings Management CO. LLC raised its stake in Insperity by 4.2% during the 4th quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider's stock valued at $18,432,000 after purchasing an additional 9,600 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Insperity during the fourth quarter valued at $485,000. Reinhart Partners LLC. raised its position in Insperity by 8.3% during the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider's stock valued at $90,830,000 after buying an additional 89,809 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Insperity by 8.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 114,924 shares of the business services provider's stock worth $8,908,000 after acquiring an additional 8,972 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Insperity by 4.6% in the 4th quarter. Nordea Investment Management AB now owns 109,888 shares of the business services provider's stock worth $8,623,000 after acquiring an additional 4,791 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insperity Price Performance

Shares of NSP traded up $0.48 during midday trading on Wednesday, reaching $77.11. The stock had a trading volume of 268,722 shares, compared to its average volume of 329,069. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $2.88 billion, a P/E ratio of 24.48 and a beta of 1.14. The firm's 50 day moving average price is $78.18 and its 200-day moving average price is $86.00. Insperity has a 52 week low of $71.69 and a 52 week high of $117.50.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.11%. 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.