Insperity, Inc. (NYSE:NSP) Sees Large Increase in Short Interest

Insperity, Inc. (NYSE:NSP - Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,750,000 shares, an increase of 25.9% from the November 30th total of 1,390,000 shares. Approximately 4.9% of the company's stock are short sold. Based on an average daily trading volume, of 382,500 shares, the short-interest ratio is presently 4.6 days.

Insperity Stock Performance

NYSE NSP traded up $0.14 on Tuesday, hitting $77.51. The stock had a trading volume of 290,625 shares, compared to its average volume of 298,169. The company's 50-day moving average is $79.09 and its two-hundred day moving average is $87.28. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 24.61 and a beta of 1.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. Insperity has a one year low of $71.69 and a one year high of $119.02.

Insperity Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity's dividend payout ratio (DPR) is 76.19%.

Institutional Trading of Insperity

A number of hedge funds and other institutional investors have recently made changes to their positions in NSP. Mawer Investment Management Ltd. grew its holdings in Insperity by 4.0% during the second quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider's stock worth $473,247,000 after acquiring an additional 197,309 shares during the period. Earnest Partners LLC grew its stake in shares of Insperity by 2.5% in the 2nd quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider's stock worth $120,733,000 after purchasing an additional 32,542 shares during the last quarter. State Street Corp raised its holdings in shares of Insperity by 0.9% in the 3rd quarter. State Street Corp now owns 1,287,058 shares of the business services provider's stock worth $113,261,000 after purchasing an additional 11,123 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Insperity by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,260,768 shares of the business services provider's stock valued at $110,948,000 after purchasing an additional 59,216 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its stake in Insperity by 6.7% during the third quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider's stock valued at $95,219,000 after purchasing an additional 68,160 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NSP. StockNews.com downgraded shares of Insperity from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Truist Financial decreased their target price on Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a research report on Friday, November 1st. William Blair cut Insperity from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. began coverage on shares of Insperity in a research note on Tuesday, October 22nd. They set an "underweight" rating and a $90.00 target price for the company. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $95.67.

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.