Insperity, Inc. (NYSE:NSP) Declares $0.60 Quarterly Dividend

Insperity, Inc. (NYSE:NSP) announced a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Investors of record on Tuesday, December 10th will be paid a dividend of 0.60 per share by the business services provider on Tuesday, December 24th. This represents a $2.40 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 10th.

Insperity has increased its dividend by an average of 11.7% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Insperity has a payout ratio of 65.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Insperity to earn $2.55 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 94.1%.

Insperity Trading Up 3.0 %

Shares of Insperity stock opened at $76.09 on Friday. The company’s fifty day simple moving average is $83.29 and its 200-day simple moving average is $91.08. The stock has a market capitalization of $2.84 billion, a PE ratio of 24.15, a P/E/G ratio of 2.07 and a beta of 1.12. Insperity has a 1-year low of $71.69 and a 1-year high of $119.40. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16.

Wall Street Analysts Forecast Growth

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

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.