Insperity (NYSE:NSP) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Insperity (NYSE:NSP) from a buy rating to a hold rating in a research note published on Monday morning.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. assumed coverage on Insperity in a research report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective on the stock. William Blair lowered Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. Finally, Truist Financial dropped 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 and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $95.67.

Insperity Trading Down 2.7 %

NYSE:NSP opened at $80.71 on Monday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 25.62, a PEG ratio of 1.44 and a beta of 1.12. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. Insperity has a one year low of $74.32 and a one year high of $119.40. The company’s 50-day simple moving average is $86.28 and its 200 day simple moving average is $93.36.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 annualized dividend and a dividend yield of 2.97%. Insperity’s dividend payout ratio (DPR) is 76.19%.

Hedge Funds Weigh In On Insperity

Several institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in Insperity in the 2nd quarter worth approximately $64,000. KBC Group NV raised its position in shares of Insperity by 26.4% during the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 216 shares during the period. EntryPoint Capital LLC lifted its stake in shares of Insperity by 164.3% during the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock valued at $94,000 after buying an additional 534 shares in the last quarter. Quarry LP increased its stake in Insperity by 205.6% in the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after buying an additional 732 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Insperity by 21.7% during the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 206 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

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.