Insperity (NYSE:NSP) Hits New 12-Month Low - Here's Why

Insperity, Inc. (NYSE:NSP - Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $84.25 and last traded at $84.51, with a volume of 51057 shares changing hands. The stock had previously closed at $86.99.

Analysts Set New Price Targets

Several brokerages recently issued reports on NSP. William Blair cut Insperity from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. initiated coverage on shares of Insperity in a report on Tuesday. They issued an "underweight" rating and a $90.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $99.50.

Insperity Price Performance

The company has a 50-day simple moving average of $89.27 and a two-hundred day simple moving average of $95.38. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.17 and a quick ratio of 1.17.

Insperity (NYSE:NSP - Get Free Report) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.62 billion. Insperity had a net margin of 2.46% and a return on equity of 138.16%. Insperity's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, equities research analysts predict that Insperity, Inc. will post 2.43 earnings per share for the current year.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Thursday, September 5th. Insperity's dividend payout ratio is currently 58.68%.

Insider Buying and Selling at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the company's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $92.23, for a total value of $1,487,024.29. Following the completion of the sale, the chief executive officer now directly owns 509,129 shares in the company, valued at $46,956,967.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Insperity

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in Insperity by 17.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 167,154 shares of the business services provider's stock worth $19,594,000 after buying an additional 24,441 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in shares of Insperity by 44.2% in the first quarter. Hennessy Advisors Inc. now owns 37,500 shares of the business services provider's stock valued at $4,110,000 after purchasing an additional 11,500 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Insperity by 13.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,705 shares of the business services provider's stock valued at $845,000 after buying an additional 906 shares in the last quarter. State of Michigan Retirement System lifted its stake in Insperity by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 8,650 shares of the business services provider's stock worth $948,000 after acquiring an additional 200 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Insperity by 6.1% during the 1st quarter. Principal Financial Group Inc. now owns 149,638 shares of the business services provider's stock valued at $16,402,000 after acquiring an additional 8,541 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

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.