Insperity (NYSE:NSP) Trading 4.2% Higher - Should You Buy?

Insperity, Inc. (NYSE:NSP - Get Free Report) shares were up 4.2% during mid-day trading on Tuesday . The company traded as high as $84.12 and last traded at $84.29. Approximately 26,984 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 381,356 shares. The stock had previously closed at $80.88.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NSP shares. JPMorgan Chase & Co. started coverage on Insperity in a report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective for the company. Truist Financial decreased their price objective on Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a report on Friday, November 1st. Finally, StockNews.com upgraded Insperity from a "hold" rating to a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $95.67.

Insperity Stock Performance

The stock has a market capitalization of $3.26 billion, a PE ratio of 27.80 and a beta of 1.13. The business has a 50 day moving average price of $78.20 and a 200 day moving average price of $83.59. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16.

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 paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.74%. Insperity's dividend payout ratio is currently 99.59%.

Insider Transactions at Insperity

In related news, COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total transaction of $508,080.00. Following the sale, the chief operating officer now directly owns 72,551 shares of the company's stock, valued at $6,143,618.68. This trade represents a 7.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ellen H. Masterson bought 1,755 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the completion of the transaction, the director now directly owns 16,612 shares of the company's stock, valued at approximately $1,424,479. The trade was a 11.81 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.50% of the company's stock.

Institutional Trading of Insperity

Several institutional investors and hedge funds have recently added to or reduced their stakes in NSP. Inspire Investing LLC grew its holdings in Insperity by 19.7% during the 3rd quarter. Inspire Investing LLC now owns 4,660 shares of the business services provider's stock valued at $410,000 after buying an additional 768 shares in the last quarter. Creative Planning grew its holdings in Insperity by 14.6% during the 3rd quarter. Creative Planning now owns 4,104 shares of the business services provider's stock valued at $361,000 after buying an additional 522 shares in the last quarter. nVerses Capital LLC grew its holdings in Insperity by 285.7% during the 3rd quarter. nVerses Capital LLC now owns 2,700 shares of the business services provider's stock valued at $238,000 after buying an additional 2,000 shares in the last quarter. Blue Trust Inc. grew its holdings in Insperity by 10.8% during the 3rd quarter. Blue Trust Inc. now owns 3,413 shares of the business services provider's stock valued at $311,000 after buying an additional 333 shares in the last quarter. Finally, Vest Financial LLC grew its holdings in Insperity by 40.3% during the 3rd quarter. Vest Financial LLC now owns 16,298 shares of the business services provider's stock valued at $1,434,000 after buying an additional 4,678 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.