Insperity (NYSE:NSP) Hits New 52-Week Low – What’s Next?

Insperity, Inc. (NYSE:NSP) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $73.96 and last traded at $73.97, with a volume of 72579 shares changing hands. The stock had previously closed at $75.51.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. started coverage on shares of Insperity in a research note on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price for the company. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. William Blair lowered Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. Finally, Truist Financial lowered their target price on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $95.67.

Insperity Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.18 and a beta of 1.12. The stock’s 50-day simple moving average is $84.61 and its 200 day simple moving average is $92.10.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.28%. Insperity’s payout ratio is currently 76.19%.

Institutional Trading of Insperity

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Insperity by 16.7% during the third quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock worth $85,254,000 after buying an additional 138,837 shares during the period. Barclays PLC boosted its holdings in Insperity by 129.7% during the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock valued at $7,269,000 after acquiring an additional 46,625 shares during the period. State Street Corp grew its position in Insperity by 0.9% in the 3rd quarter. State Street Corp now owns 1,287,058 shares of the business services provider’s stock valued at $113,261,000 after acquiring an additional 11,123 shares in the last quarter. Stifel Financial Corp increased its stake in Insperity by 5.8% during the third quarter. Stifel Financial Corp now owns 25,484 shares of the business services provider’s stock worth $2,243,000 after purchasing an additional 1,405 shares during the period. Finally, Quarry LP lifted its position in shares of Insperity by 40.9% during the third quarter. Quarry LP now owns 1,533 shares of the business services provider’s stock worth $135,000 after purchasing an additional 445 shares in the last quarter. 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.