Insperity (NYSE:NSP) Price Target Cut to $82.00 by Analysts at Truist Financial

Insperity (NYSE:NSP - Free Report) had its price objective trimmed by Truist Financial from $88.00 to $82.00 in a research note released on Tuesday morning, Marketbeat.com reports. The brokerage currently has a hold rating on the business services provider's stock.

Separately, StockNews.com upgraded shares of Insperity from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Insperity currently has an average rating of "Hold" and an average price target of $93.67.

Insperity Stock Down 5.0 %

NSP stock traded down $4.15 on Tuesday, hitting $78.76. 564,027 shares of the company's stock were exchanged, compared to its average volume of 333,204. The firm has a 50 day moving average price of $86.46 and a two-hundred day moving average price of $81.93. Insperity has a 12-month low of $68.79 and a 12-month high of $109.80. The stock has a market cap of $2.93 billion, a P/E ratio of 32.68 and a beta of 0.67. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Thursday, March 13th. Insperity's payout ratio is 99.59%.

Insider Buying and Selling

In other Insperity news, Director Ellen H. Masterson bought 1,755 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was bought 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. This trade represents a 11.81 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total value of $508,080.00. Following the sale, the chief operating officer now directly owns 72,551 shares in the company, valued at $6,143,618.68. This represents a 7.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NSP. Jones Financial Companies Lllp lifted its stake in shares of Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock valued at $27,000 after purchasing an additional 291 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Insperity during the 3rd quarter valued at about $32,000. UMB Bank n.a. increased its stake in shares of Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock valued at $66,000 after purchasing an additional 267 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Insperity in the 4th quarter worth about $87,000. Finally, Covestor Ltd boosted its position in Insperity by 12.6% during the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock worth $101,000 after purchasing an additional 146 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.