Insperity (NYSE:NSP) Stock Price Down 3.4% - Here's Why

Insperity, Inc. (NYSE:NSP - Get Free Report) dropped 3.4% during trading on Friday . The stock traded as low as $81.28 and last traded at $82.02. Approximately 43,184 shares were traded during trading, a decline of 83% from the average daily volume of 261,508 shares. The stock had previously closed at $84.90.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Insperity in a research note on Tuesday. They issued an "underweight" rating and a $90.00 target price for the company. William Blair lowered Insperity from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $99.50.

Insperity Price Performance

The stock's 50 day simple moving average is $89.01 and its 200-day simple moving average is $95.25. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11.

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

Insperity Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Thursday, September 5th. Insperity's dividend payout ratio is presently 58.68%.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the firm's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total transaction 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 $46,956,967.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.50% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in shares of Insperity during the 2nd quarter worth approximately $64,000. EntryPoint Capital LLC grew its position in Insperity by 164.3% during the first quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider's stock valued at $94,000 after buying an additional 534 shares during the period. Quarry LP increased its holdings in Insperity by 205.6% in the second quarter. Quarry LP now owns 1,088 shares of the business services provider's stock valued at $99,000 after buying an additional 732 shares in the last quarter. Accordant Advisory Group Inc purchased a new position in Insperity in the second quarter valued at $109,000. Finally, Covestor Ltd boosted its stake in shares of Insperity by 264.7% during the 1st quarter. Covestor Ltd now owns 1,043 shares of the business services provider's stock worth $114,000 after acquiring an additional 757 shares in the last quarter. 93.44% of the stock is currently 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.