Insperity (NYSE:NSP) Shares Down 5.2% - What's Next?

Shares of Insperity, Inc. (NYSE:NSP - Get Free Report) dropped 5.2% during mid-day trading on Monday . The company traded as low as $79.07 and last traded at $79.07. Approximately 201,229 shares traded hands during trading, a decline of 30% from the average daily volume of 289,381 shares. The stock had previously closed at $83.37.

Analyst Upgrades and Downgrades

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

Insperity Price Performance

The company has a fifty day simple moving average of $81.31 and a two-hundred day simple moving average of $88.65. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 26.47 and a beta of 1.15.

Insperity Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a $0.60 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 3.05%. Insperity's dividend payout ratio (DPR) is presently 76.19%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its stake in shares of Insperity by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider's stock valued at $3,929,000 after buying an additional 150 shares during the period. Arizona State Retirement System grew its stake in shares of Insperity by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 9,918 shares of the business services provider's stock valued at $905,000 after buying an additional 185 shares during the period. Covestor Ltd grew its stake in shares of Insperity by 21.7% during the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider's stock valued at $102,000 after buying an additional 206 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Insperity by 9.2% in 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 during the period. Finally, KBC Group NV lifted its stake in shares of Insperity by 26.4% in 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 in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

About Insperity

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.

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