Insperity (NYSE:NSP) Given New $88.00 Price Target at Truist Financial

Insperity (NYSE:NSP - Free Report) had its price objective cut by Truist Financial from $95.00 to $88.00 in a report published on Friday, Benzinga reports. They currently have a hold rating on the business services provider's stock.

Several other research analysts also recently weighed in on the stock. William Blair downgraded shares of Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on Insperity in a research note on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective for the company. 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $95.67.

Insperity Stock Performance

Shares of NYSE NSP traded down $3.57 during trading on Friday, hitting $75.20. The company had a trading volume of 616,180 shares, compared to its average volume of 274,986. The stock has a 50 day simple moving average of $87.76 and a 200 day simple moving average of $94.33. The firm has a market capitalization of $2.82 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 2.24 and a beta of 1.11. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.17 and a current ratio of 1.17. Insperity has a 12 month low of $74.32 and a 12 month high of $119.40.

Insperity (NYSE:NSP - Get Free Report) last issued its quarterly 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. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. As a group, analysts anticipate that Insperity will post 2.42 earnings per share for the current year.

Insperity Announces Dividend

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

Insider Activity

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of Insperity 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 sale, the chief executive officer now owns 509,129 shares of the company's stock, valued at $46,956,967.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 5.50% of the company's stock.

Hedge Funds Weigh In On Insperity

A number of institutional investors and hedge funds have recently made changes to their positions in NSP. Mawer Investment Management Ltd. lifted its holdings in shares of Insperity by 4.0% in the 2nd quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider's stock valued at $473,247,000 after acquiring an additional 197,309 shares during the last quarter. Vanguard Group Inc. raised its position in Insperity by 4.9% during 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 purchasing an additional 182,773 shares during the period. Earnest Partners LLC lifted its stake in shares of Insperity by 2.5% in the 2nd quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider's stock valued at $120,733,000 after purchasing an additional 32,542 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of Insperity by 6.7% in the 3rd quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider's stock worth $95,219,000 after purchasing an additional 68,160 shares during the period. Finally, Sei Investments Co. increased its position in shares of Insperity by 5.3% during the 2nd quarter. Sei Investments Co. now owns 734,271 shares of the business services provider's stock valued at $66,973,000 after purchasing an additional 37,091 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.