Insperity (NYSE:NSP) Sees Unusually-High Trading Volume – Here’s Why

Insperity, Inc. (NYSE:NSP) saw an uptick in trading volume on Monday . 633,899 shares traded hands during mid-day trading, an increase of 138% from the previous session’s volume of 266,314 shares.The stock last traded at $79.00 and had previously closed at $77.55.

Analyst Ratings Changes

Several equities analysts have weighed in on NSP shares. JPMorgan Chase & Co. initiated coverage on Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price target for the company. William Blair downgraded shares of Insperity from an “outperform” rating to a “market perform” rating in a research note 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 issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $99.50.

Insperity Price Performance

The company has a fifty day simple moving average of $88.42 and a two-hundred day simple moving average of $94.69. 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 company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 2.39 and a beta of 1.11.

Insperity (NYSE:NSP) last issued its quarterly 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 firm had revenue of $1.61 billion for 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 period last year, the company earned $0.33 EPS. As a group, research analysts anticipate that Insperity, Inc. will post 2.43 earnings per share for the current year.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, September 5th. This represents a $2.40 annualized dividend and a yield of 2.85%. 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 that occurred 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 transaction, the chief executive officer now owns 509,129 shares in the company, valued at approximately $46,956,967.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Insperity

A number of hedge funds have recently made changes to their positions in NSP. Mawer Investment Management Ltd. increased its holdings in Insperity by 18.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 4,991,238 shares of the business services provider’s stock valued at $547,090,000 after purchasing an additional 780,917 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Insperity by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock worth $428,696,000 after acquiring an additional 182,773 shares during the period. Reinhart Partners LLC. grew its position in Insperity by 13.3% in the second quarter. Reinhart Partners LLC. now owns 1,013,874 shares of the business services provider’s stock valued at $92,475,000 after acquiring an additional 118,902 shares in the last quarter. Earnest Partners LLC grew its holdings in Insperity by 4.9% during the 1st quarter. Earnest Partners LLC now owns 1,291,138 shares of the business services provider’s stock valued at $141,522,000 after purchasing an additional 60,852 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Insperity during the 2nd quarter worth $5,536,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.