Insperity, Inc. (NYSE:NSP) Receives $46.67 Consensus PT from Brokerages

Insperity, Inc. (NYSE:NSP) has been assigned a consensus rating of “Reduce” from the five brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $46.6667.

Several research analysts have weighed in on NSP shares. JPMorgan Chase & Co. dropped their price objective on shares of Insperity from $51.00 to $34.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 4th. Truist Financial lowered their price target on shares of Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Insperity in a report on Monday. Roth Capital reissued a “buy” rating and set a $71.00 price objective on shares of Insperity in a research report on Tuesday, November 4th. Finally, Zacks Research downgraded Insperity from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th.

Insperity Stock Up 2.0%

NYSE:NSP opened at $38.44 on Friday. The business’s fifty day moving average price is $38.03 and its 200 day moving average price is $49.03. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 83.57 and a beta of 0.47. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 4.24. Insperity has a 1-year low of $31.00 and a 1-year high of $95.98.

Insperity (NYSE:NSP) last released its earnings results on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.42). The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Insperity had a net margin of 0.25% and a return on equity of 12.53%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. On average, sell-side analysts forecast that Insperity will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were issued a $0.60 dividend. The ex-dividend date was Tuesday, December 9th. This represents a $2.40 dividend on an annualized basis and a yield of 6.2%. Insperity’s dividend payout ratio is currently 521.74%.

Insiders Place Their Bets

In other Insperity news, Director Randall Mehl bought 2,000 shares of Insperity stock in a transaction on Thursday, November 6th. The stock was purchased at an average cost of $34.25 per share, for a total transaction of $68,500.00. Following the completion of the purchase, the director directly owned 24,707 shares of the company’s stock, valued at $846,214.75. The trade was a 8.81% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.29% of the company’s stock.

Institutional Investors Weigh In On Insperity

Several institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp boosted its holdings in Insperity by 0.4% in the first quarter. Northern Trust Corp now owns 521,655 shares of the business services provider’s stock worth $46,547,000 after acquiring an additional 2,045 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Insperity by 39.7% in the 1st quarter. Hsbc Holdings PLC now owns 9,005 shares of the business services provider’s stock worth $801,000 after purchasing an additional 2,559 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in Insperity in the 1st quarter valued at $2,260,000. T. Rowe Price Investment Management Inc. increased its stake in Insperity by 2.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 520,637 shares of the business services provider’s stock valued at $46,457,000 after purchasing an additional 14,507 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in Insperity by 15.1% during the first quarter. Bahl & Gaynor Inc. now owns 157,301 shares of the business services provider’s stock worth $14,036,000 after buying an additional 20,611 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

About Insperity

Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.

The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.