Insperity, Inc. (NSP) To Go Ex-Dividend on March 13th

Insperity, Inc. (NYSE:NSP) announced a quarterly dividend on Thursday, February 27th, RTT News reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.60 per share by the business services provider on Thursday, March 27th. This represents a $2.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, March 13th.

Insperity has increased its dividend payment by an average of 10.6% per year over the last three years and has increased its dividend every year for the last 14 years. Insperity has a dividend payout ratio of 55.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Insperity to earn $3.05 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 78.7%.

Insperity Stock Performance

Shares of NYSE NSP opened at $88.05 on Friday. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $3.28 billion, a P/E ratio of 36.53 and a beta of 1.13. The firm’s fifty day moving average is $79.57 and its two-hundred day moving average is $82.93. Insperity has a 52-week low of $68.79 and a 52-week high of $110.72.

Insider Buying and Selling at Insperity

In other news, CEO Paul J. Sarvadi sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the sale, the chief executive officer now owns 436,584 shares in the company, valued at approximately $36,812,762.88. The trade was a 5.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Arthur A. Arizpe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total transaction of $508,080.00. Following the completion of the sale, the chief operating officer now owns 72,551 shares of the company’s stock, valued at approximately $6,143,618.68. This represents a 7.64 % decrease in their position. The disclosure for this sale can be found here. 5.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Truist Financial reduced their price target on shares of 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, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $95.67.

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.