Insperity (NYSE:NSP) Sets New 12-Month Low on Analyst Downgrade

Insperity, Inc. (NYSE:NSP) shares reached a new 52-week low during trading on Friday after Truist Financial lowered their price target on the stock from $95.00 to $88.00. Truist Financial currently has a hold rating on the stock. Insperity traded as low as $74.38 and last traded at $74.40, with a volume of 41621 shares changing hands. The stock had previously closed at $78.77.

Several other brokerages have also recently commented on NSP. William Blair cut shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $95.67.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were 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 directly owns 509,129 shares of the company’s stock, valued at approximately $46,956,967.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NSP. nVerses Capital LLC acquired a new position in Insperity during the second quarter valued at approximately $64,000. EntryPoint Capital LLC boosted its holdings in shares of Insperity by 164.3% in the 1st 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 last quarter. Covestor Ltd grew its stake in shares of Insperity by 264.7% in the first quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock valued at $114,000 after buying an additional 757 shares in the last quarter. Quarry LP increased its holdings in Insperity by 205.6% during the second quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after buying an additional 732 shares during the last quarter. Finally, Accordant Advisory Group Inc bought a new stake in Insperity during the second quarter worth $109,000. Institutional investors own 93.44% of the company’s stock.

Insperity Trading Down 4.6 %

The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 2.24 and a beta of 1.11. The business’s 50 day simple moving average is $87.39 and its 200 day simple moving average is $94.05. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.60.

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

Insperity Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors 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 3.19%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity’s payout ratio is 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.