Insperity (NYSE:NSP) Shares Down 3.4% – Time to Sell?

Insperity, Inc. (NYSE:NSP)’s share price dropped 3.4% during mid-day trading on Friday . The stock traded as low as $81.28 and last traded at $82.02. Approximately 43,184 shares were traded during mid-day 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

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective for the company. William Blair lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. One investment 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $99.50.

Insperity Stock Down 8.7 %

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.60. The business has a 50-day simple moving average of $88.70 and a two-hundred day simple moving average of $94.95. The stock has a market capitalization of $2.92 billion, a P/E ratio of 18.96, a PEG ratio of 2.39 and a beta of 1.11.

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

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity’s payout ratio is 58.68%.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NSP. State of Alaska Department of Revenue increased its position in Insperity by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,108 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 280 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Insperity by 27.1% during the third quarter. Arkadios Wealth Advisors now owns 4,765 shares of the business services provider’s stock valued at $419,000 after purchasing an additional 1,017 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Insperity by 13.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,812 shares of the business services provider’s stock valued at $1,897,000 after purchasing an additional 2,530 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in Insperity by 15.2% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 11,621 shares of the business services provider’s stock worth $1,023,000 after purchasing an additional 1,529 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in Insperity by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 471,017 shares of the business services provider’s stock worth $41,450,000 after buying an additional 1,607 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.