Insperity (NYSE:NSP) Sets New 52-Week Low - Time to Sell?

Insperity, Inc. (NYSE:NSP - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $71.16 and last traded at $70.79, with a volume of 219413 shares. The stock had previously closed at $74.27.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Insperity in a research report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price target for the company. StockNews.com lowered shares of Insperity from a "buy" rating to a "hold" rating in a research report on Monday, November 4th. Finally, Truist Financial dropped their price objective 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. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $95.67.

Insperity Trading Up 16.1 %

The company has a market cap of $3.02 billion, a price-to-earnings ratio of 25.66 and a beta of 1.13. The company's fifty day moving average price is $77.99 and its two-hundred day moving average price is $83.81. 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 Dividend Announcement

The company also recently disclosed 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 2.97%. The ex-dividend date was Tuesday, December 10th. Insperity's payout ratio is 76.19%.

Institutional Trading of Insperity

Several hedge funds have recently modified their holdings of the stock. Covestor Ltd grew its stake in shares of Insperity by 21.7% during the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider's stock valued at $102,000 after purchasing an additional 206 shares during the last quarter. Assetmark Inc. grew its stake in shares of Insperity by 11.6% during the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider's stock valued at $158,000 after purchasing an additional 211 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Insperity by 9.2% during the third quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider's stock valued at $222,000 after purchasing an additional 213 shares during the last quarter. KBC Group NV grew its stake in shares of Insperity by 26.4% during the third 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, UMB Bank n.a. grew its stake in shares of Insperity by 45.9% during the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock valued at $66,000 after purchasing an additional 267 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

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.