Insperity, Inc. (NYSE:NSP) Director Carol R. Kaufman Purchases 5,000 Shares of Stock

Key Points

• Carol R. Kaufman, a director at Insperity, acquired 5,000 shares at an average price of $45.24, increasing her total holdings to 47,067 shares valued at approximately $2.13 million.
• Insperity reported earnings per share (EPS) of $0.26 for the last quarter, missing analyst expectations of $0.41, while revenue was $1.66 billion, matching consensus estimates.
• Analysts have downgraded their target prices for Insperity's stock, with Truist Financial reducing theirs from $70.00 to $50.00 and maintaining a "hold" rating.

Insperity, Inc. (NYSE:NSP - Get Free Report) Director Carol R. Kaufman bought 5,000 shares of the stock in a transaction on Monday, August 4th. The shares were acquired at an average cost of $45.24 per share, with a total value of $226,200.00. Following the purchase, the director owned 47,067 shares of the company's stock, valued at approximately $2,129,311.08. This represents a 11.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Insperity Trading Up 2.4%

NYSE NSP traded up $1.24 on Friday, reaching $53.48. The company had a trading volume of 789,869 shares, compared to its average volume of 694,967. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 50.45 and a beta of 0.47. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.12 and a quick ratio of 1.13. Insperity, Inc. has a fifty-two week low of $44.14 and a fifty-two week high of $95.98. The business has a 50 day moving average of $59.14 and a two-hundred day moving average of $72.53.

Insperity (NYSE:NSP - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.15). The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. Insperity had a net margin of 0.60% and a return on equity of 35.32%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. Analysts forecast that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a $0.60 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.5%. Insperity's payout ratio is 226.42%.

Institutional Investors Weigh In On Insperity

A number of institutional investors have recently modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new stake in Insperity in the first quarter worth $222,000. GAMMA Investing LLC grew its stake in shares of Insperity by 524.1% in the 1st quarter. GAMMA Investing LLC now owns 1,554 shares of the business services provider's stock valued at $139,000 after buying an additional 1,305 shares during the period. Millennium Management LLC increased its position in Insperity by 28.4% in the 4th quarter. Millennium Management LLC now owns 51,097 shares of the business services provider's stock valued at $3,961,000 after buying an additional 11,289 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Insperity by 597.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,317 shares of the business services provider's stock valued at $1,813,000 after buying an additional 17,406 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Insperity in the first quarter worth approximately $268,000. 93.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NSP has been the topic of a number of research reports. Wall Street Zen lowered Insperity from a "hold" rating to a "sell" rating in a research report on Saturday. JPMorgan Chase & Co. reduced their price target on Insperity from $68.00 to $51.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Truist Financial lowered their price objective on Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a research note on Monday, August 4th. Finally, Roth Capital cut their target price on shares of Insperity from $85.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $58.33.

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.