Insperity, Inc. (NYSE:NSP – Get Free Report)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $71.16 and last traded at $70.79, with a volume of 219413 shares trading hands. The stock had previously closed at $74.27.
Analyst Upgrades and Downgrades
NSP has been the topic of several recent analyst reports. Truist Financial dropped their target price on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, 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. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $95.67.
View Our Latest Report on Insperity
Insperity Trading Down 3.9 %
Insperity Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity’s dividend payout ratio is presently 76.19%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Value Holdings Management CO. LLC increased its stake in shares of Insperity by 4.2% during the 4th quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider’s stock valued at $18,432,000 after acquiring an additional 9,600 shares during the last quarter. State Street Corp increased its position in Insperity by 0.9% during the third quarter. State Street Corp now owns 1,287,058 shares of the business services provider’s stock worth $113,261,000 after purchasing an additional 11,123 shares during the last quarter. Reinhart Partners LLC. raised its stake in Insperity by 8.3% during the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after purchasing an additional 89,809 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Insperity by 16.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider’s stock valued at $13,259,000 after purchasing an additional 21,325 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of 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 buying an additional 46,625 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
About Insperity
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.
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