Insperity, Inc. (NYSE:NSP) Receives Average Recommendation of "Reduce" from Brokerages

Insperity, Inc. (NYSE:NSP - Get Free Report) has earned a consensus rating of "Reduce" from the four research firms that are covering the company, MarketBeat Ratings reports. One investment 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 brokerages that have updated their coverage on the stock in the last year is $95.67.

Several equities analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. StockNews.com cut Insperity from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. 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 for the company. Finally, William Blair cut shares of Insperity from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th.

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 position in shares of Insperity in the 3rd quarter valued at about $32,000. Millburn Ridgefield Corp bought a new stake in shares of Insperity in the 3rd quarter valued at approximately $53,000. nVerses Capital LLC purchased a new position in shares of Insperity in the 2nd quarter worth approximately $64,000. KBC Group NV increased its position in shares of Insperity by 26.4% during the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider's stock valued at $91,000 after purchasing an additional 216 shares during the last quarter. Finally, Quarry LP increased its position in shares of Insperity by 205.6% during the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider's stock valued at $99,000 after purchasing an additional 732 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insperity Stock Performance

Shares of NSP traded down $1.11 during mid-day trading on Tuesday, hitting $78.52. 315,379 shares of the company traded hands, compared to its average volume of 283,107. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 2.14 and a beta of 1.12. The stock has a 50-day moving average price of $82.90 and a two-hundred day moving average price of $90.52. Insperity has a 1 year low of $71.69 and a 1 year high of $119.40. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.06%. Insperity's dividend payout ratio (DPR) is 76.19%.

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.