Insperity, Inc. (NYSE:NSP) Receives Consensus Rating of "Reduce" from Analysts

Insperity, Inc. (NYSE:NSP - Get Free Report) has been assigned an average recommendation of "Reduce" from the four ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $95.67.

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Insperity in a report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective for the company. StockNews.com raised shares of Insperity from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, 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.

Insperity Stock Performance

Shares of NYSE:NSP traded up $1.31 on Wednesday, hitting $87.58. The company's stock had a trading volume of 566,069 shares, compared to its average volume of 348,330. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 27.80 and a beta of 1.13. 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 has a 12 month low of $68.79 and a 12 month high of $110.72. The stock's 50-day moving average is $78.29 and its two-hundred day moving average is $83.36.

Insperity Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity's dividend payout ratio is 76.19%.

Insiders Place Their Bets

In related news, CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the sale, the chief executive officer now directly owns 436,584 shares of the company's stock, valued at approximately $36,812,762.88. This represents a 5.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Arthur A. Arizpe sold 6,000 shares of Insperity stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total value of $508,080.00. Following the transaction, the chief operating officer now directly owns 72,551 shares in the company, valued at approximately $6,143,618.68. This trade represents a 7.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company's stock.

Institutional Investors Weigh In On Insperity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NSP. Covestor Ltd increased its stake in shares of Insperity by 12.6% in the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock worth $101,000 after acquiring an additional 146 shares during the last quarter. LPL Financial LLC increased its position in Insperity by 3.5% in the 4th quarter. LPL Financial LLC now owns 6,227 shares of the business services provider's stock worth $483,000 after purchasing an additional 208 shares during the last quarter. Assetmark Inc. increased its position in Insperity by 11.6% in the 4th quarter. Assetmark Inc. now owns 2,032 shares of the business services provider's stock worth $158,000 after purchasing an additional 211 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Insperity by 9.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider's stock worth $222,000 after purchasing an additional 213 shares in the last quarter. Finally, KBC Group NV lifted its holdings 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 buying an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

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.