Insperity (NYSE:NSP) Sets New 52-Week Low at $88.49

Insperity, Inc. (NYSE:NSP)’s share price hit a new 52-week low on Friday . The stock traded as low as $88.49 and last traded at $88.49, with a volume of 21183 shares. The stock had previously closed at $90.46.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NSP shares. William Blair reissued an “outperform” rating on shares of Insperity in a research note on Friday, May 17th. StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, Robert W. Baird increased their price target on shares of Insperity from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Insperity presently has a consensus rating of “Moderate Buy” and an average price target of $109.50.

Insperity Price Performance

The company’s fifty day moving average is $98.04 and its two-hundred day moving average is $104.36. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 2.48 and a beta of 1.13. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.64.

Insperity (NYSE:NSP) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.24. Insperity had a net margin of 2.39% and a return on equity of 137.14%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.81 billion. Equities research analysts anticipate that Insperity, Inc. will post 2.43 earnings per share for the current fiscal year.

Insperity Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.60 dividend. The ex-dividend date was Friday, June 7th. This is a positive change from Insperity’s previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a yield of 2.70%. Insperity’s dividend payout ratio (DPR) is 58.68%.

Insiders Place Their Bets

In other Insperity news, CEO Paul J. Sarvadi sold 12,183 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $95.41, for a total value of $1,162,380.03. Following the sale, the chief executive officer now directly owns 525,252 shares in the company, valued at $50,114,293.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Insperity news, CEO Paul J. Sarvadi sold 12,183 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $95.41, for a total value of $1,162,380.03. Following the sale, the chief executive officer now directly owns 525,252 shares in the company, valued at $50,114,293.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Douglas S. Sharp sold 5,212 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $104.47, for a total transaction of $544,497.64. Following the sale, the chief financial officer now owns 28,516 shares in the company, valued at $2,979,066.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,695 shares of company stock worth $2,044,864. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Insperity

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mawer Investment Management Ltd. raised its holdings in shares of Insperity by 5.6% during the fourth quarter. Mawer Investment Management Ltd. now owns 4,210,321 shares of the business services provider’s stock worth $493,534,000 after acquiring an additional 224,772 shares during the period. Massachusetts Financial Services Co. MA grew its position in Insperity by 41.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 398,284 shares of the business services provider’s stock valued at $46,687,000 after purchasing an additional 116,226 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Insperity by 189.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 29,252 shares of the business services provider’s stock valued at $3,429,000 after purchasing an additional 19,137 shares in the last quarter. Sunriver Management LLC grew its position in Insperity by 23.4% in the fourth quarter. Sunriver Management LLC now owns 226,192 shares of the business services provider’s stock valued at $26,514,000 after purchasing an additional 42,869 shares in the last quarter. Finally, Laurus Investment Counsel Inc. grew its position in Insperity by 349.9% in the fourth quarter. Laurus Investment Counsel Inc. now owns 44,095 shares of the business services provider’s stock valued at $5,169,000 after purchasing an additional 34,295 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

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.