Insperity, Inc. (NYSE:NSP) Given Consensus Rating of “Reduce” by Brokerages

Insperity, Inc. (NYSE:NSP) has been assigned a consensus recommendation of “Reduce” from the four ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $95.67.

NSP has been the subject of several analyst reports. StockNews.com cut shares of Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. William Blair downgraded 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 Insperity in a report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price on the stock. Finally, Truist Financial lowered their price target on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 1st.

Insperity Stock Down 0.7 %

NSP stock opened at $76.11 on Friday. Insperity has a 52 week low of $71.69 and a 52 week high of $119.02. The business has a 50-day simple moving average of $80.47 and a 200 day simple moving average of $88.14. 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 $2.85 billion, a PE ratio of 24.16 and a beta of 1.15.

Insperity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.15%. Insperity’s payout ratio is presently 76.19%.

Institutional Investors Weigh In On Insperity

A number of hedge funds and other institutional investors have recently bought and sold shares of NSP. State Street Corp boosted its stake in shares of Insperity by 0.9% during the third quarter. State Street Corp now owns 1,287,058 shares of the business services provider’s stock valued at $113,261,000 after purchasing an additional 11,123 shares in the last quarter. Barclays PLC raised its holdings in Insperity by 129.7% in the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock valued at $7,269,000 after buying an additional 46,625 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Insperity by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 422,163 shares of the business services provider’s stock worth $38,505,000 after acquiring an additional 14,095 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Insperity by 32.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock worth $77,645,000 after acquiring an additional 215,206 shares during the last quarter. Finally, Verition Fund Management LLC increased its position in Insperity by 274.2% in the 3rd quarter. Verition Fund Management LLC now owns 14,306 shares of the business services provider’s stock valued at $1,259,000 after acquiring an additional 10,483 shares during the period. 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.