Insperity (NYSE:NSP) Hits New 1-Year Low - Should You Sell?

Insperity, Inc. (NYSE:NSP - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $73.96 and last traded at $73.97, with a volume of 72579 shares traded. The stock had previously closed at $75.51.

Wall Street Analyst Weigh In

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

Insperity Stock Down 3.1 %

The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 2.18 and a beta of 1.12. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The firm has a 50 day moving average price of $84.61 and a two-hundred day moving average price of $92.10.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 annualized dividend and a yield of 3.28%. Insperity's dividend payout ratio is presently 76.19%.

Institutional Trading of Insperity

Hedge funds have recently made changes to their positions in the stock. Millburn Ridgefield Corp acquired a new position in shares of Insperity during the third quarter worth approximately $53,000. nVerses Capital LLC acquired a new position in Insperity during the 2nd quarter worth $64,000. EntryPoint Capital LLC increased its holdings in shares of Insperity by 164.3% during the first quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider's stock valued at $94,000 after purchasing an additional 534 shares during the period. KBC Group NV raised 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 in the last quarter. Finally, Covestor Ltd grew its position in Insperity by 264.7% in the 1st quarter. Covestor Ltd now owns 1,043 shares of the business services provider's stock valued at $114,000 after buying an additional 757 shares in the last quarter. 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.