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

Insperity, Inc. (NYSE:NSP) has received a consensus recommendation of “Reduce” from the four research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $95.67.

A number of research analysts have commented on the company. Truist Financial reduced 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. JPMorgan Chase & Co. assumed coverage on shares of Insperity in a report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective for the company. StockNews.com cut shares of Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, William Blair lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Institutional Trading of Insperity

A number of large investors have recently modified their holdings of the company. Earnest Partners LLC boosted its stake in Insperity by 2.5% during the 2nd quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider’s stock valued at $120,733,000 after purchasing an additional 32,542 shares during the period. State Street Corp grew its holdings 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 worth $113,261,000 after buying an additional 11,123 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Insperity by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,260,768 shares of the business services provider’s stock valued at $110,948,000 after acquiring an additional 59,216 shares during the period. Reinhart Partners LLC. raised its stake in Insperity by 8.3% during the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock valued at $90,830,000 after acquiring an additional 89,809 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Insperity by 16.7% during the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock worth $85,254,000 after acquiring an additional 138,837 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Stock Performance

Shares of NSP stock opened at $76.61 on Wednesday. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 24.32 and a beta of 1.14. Insperity has a one year low of $71.69 and a one year high of $117.50. The company’s 50-day simple moving average is $78.18 and its 200-day simple moving average is $86.00. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16.

Insperity Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity’s payout ratio is 76.19%.

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.