Insperity, Inc. (NYSE:NSP) Given Consensus Rating of "Reduce" by Brokerages

Insperity, Inc. (NYSE:NSP - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the four ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $95.67.

A number of equities research analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a research report on Friday. William Blair downgraded Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. started coverage on Insperity in a research note on Tuesday, October 22nd. They set an "underweight" rating and a $90.00 price objective for the company.

Insider Buying and Selling at Insperity

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction 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 transaction, the chief executive officer now owns 509,129 shares of the company's stock, valued at approximately $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 can be accessed through this link. 5.50% of the stock is owned by company insiders.

Institutional Trading of Insperity

A number of institutional investors have recently made changes to their positions in NSP. Mawer Investment Management Ltd. raised its holdings in Insperity by 4.0% during the second quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider's stock worth $473,247,000 after purchasing an additional 197,309 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Insperity by 4.9% in the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider's stock valued at $428,696,000 after buying an additional 182,773 shares during the period. Earnest Partners LLC boosted its stake in Insperity by 2.5% during the second quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider's stock valued at $120,733,000 after buying an additional 32,542 shares in the last quarter. Reinhart Partners LLC. grew its holdings in Insperity by 6.7% during the third quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider's stock worth $95,219,000 after acquiring an additional 68,160 shares during the period. Finally, Sei Investments Co. raised its position in Insperity by 5.3% in the second quarter. Sei Investments Co. now owns 734,271 shares of the business services provider's stock worth $66,973,000 after acquiring an additional 37,091 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Insperity Stock Down 4.5 %

NYSE NSP traded down $3.57 on Friday, reaching $75.20. The company had a trading volume of 616,180 shares, compared to its average volume of 274,986. The firm has a market capitalization of $2.82 billion, a PE ratio of 17.74, a P/E/G ratio of 2.24 and a beta of 1.11. The firm has a 50-day moving average of $87.76 and a 200-day moving average of $94.33. 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 has a 1 year low of $74.32 and a 1 year high of $119.40.

Insperity (NYSE:NSP - Get Free Report) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm earned $0.33 earnings per share. The company's revenue was up 1.3% on a year-over-year basis. On average, equities research analysts anticipate that Insperity will post 2.42 EPS for the current fiscal year.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity's dividend payout ratio is currently 56.60%.

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.