Insperity, Inc. (NYSE:NSP) Receives Average Rating of “Reduce” from Analysts

Insperity, Inc. (NYSE:NSP) has earned an average recommendation of “Reduce” from the four brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $95.67.

Several research firms recently issued reports on NSP. William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. began 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. Finally, Truist Financial decreased their price objective on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 1st.

Insperity Stock Performance

NSP opened at $80.71 on Friday. The firm’s fifty day simple moving average is $86.28 and its two-hundred day simple moving average is $93.36. Insperity has a 52-week low of $74.32 and a 52-week high of $119.40. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 1.44 and a beta of 1.12. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 annualized dividend and a dividend yield of 2.97%. Insperity’s dividend payout ratio is presently 76.19%.

Institutional Trading of Insperity

Several large investors have recently added to or reduced their stakes in NSP. Quest Partners LLC boosted its position in shares of Insperity by 259.8% during the 3rd quarter. Quest Partners LLC now owns 12,023 shares of the business services provider’s stock valued at $1,058,000 after acquiring an additional 8,681 shares during the last quarter. Natixis Advisors LLC raised its stake in Insperity by 27.4% during the third quarter. Natixis Advisors LLC now owns 65,016 shares of the business services provider’s stock worth $5,721,000 after purchasing an additional 13,981 shares during the period. KBC Group NV boosted its holdings in Insperity by 26.4% in the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 216 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Insperity by 23.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,178 shares of the business services provider’s stock valued at $2,040,000 after buying an additional 4,417 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Insperity by 65.7% during the 3rd quarter. Victory Capital Management Inc. now owns 115,588 shares of the business services provider’s stock worth $10,172,000 after buying an additional 45,820 shares during 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.