Insperity, Inc. (NYSE:NSP) Stock Rated "Reduce" by Sell-Side Brokerages

Key Points

• Analysts give Insperity an average “Reduce” rating: two sell, two hold, and one buy recommendation. The average 12-month price target is $53.33.
• Insperity beat quarterly earnings and revenue estimates, reporting EPS of $0.22 and revenue of $1.65 billion; revenue rose 1.7% year over year.
• The company’s quarterly dividend of $0.60 per share equates to $2.40 annually and a reported 4.7% yield.

Insperity, Inc. (NYSE:NSP - Get Free Report) has earned an average recommendation of "Reduce" from the five brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $53.33.

A number of research firms recently issued reports on NSP. Robert W. Baird set a $56.00 target price on Insperity in a research note on Friday, July 31st. Roth Capital set a $61.00 price objective on shares of Insperity in a research note on Friday, July 31st. Zacks Research raised shares of Insperity from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 29th. Truist Financial set a $52.00 target price on Insperity and gave the company a "hold" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Insperity in a research note on Tuesday, October 13th.

Insperity Stock Performance

Shares of NSP opened at $50.82 on Wednesday. The company has a 50-day simple moving average of $49.89 and a 200-day simple moving average of $39.82. Insperity has a 52-week low of $18.57 and a 52-week high of $55.90. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 9.52. The company has a market capitalization of $1.94 billion, a PE ratio of 635.37 and a beta of 0.48.

Insperity (NYSE:NSP - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The business services provider reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. Insperity had a return on equity of 18.27% and a net margin of 0.04%. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter in the prior year, the firm posted ($0.20) EPS. The company's revenue was up 1.7% compared to the same quarter last year. Equities research analysts predict that Insperity will post 1.28 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $2.40 annualized dividend and a dividend yield of 4.7%. Insperity's dividend payout ratio (DPR) is presently 3,000.00%.

Hedge Funds Weigh In On Insperity

A number of hedge funds have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. grew its position in shares of Insperity by 7.5% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,850 shares of the business services provider's stock valued at $133,000 after buying an additional 200 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in Insperity by 4.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 8,844 shares of the business services provider's stock worth $440,000 after purchasing an additional 385 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Insperity by 5.4% in the second quarter. Hsbc Holdings PLC now owns 8,131 shares of the business services provider's stock valued at $336,000 after acquiring an additional 416 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Insperity by 48.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 1,299 shares of the business services provider's stock valued at $35,000 after purchasing an additional 422 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its holdings in Insperity by 2.8% during the second quarter. Legacy Wealth Asset Management LLC now owns 16,822 shares of the business services provider's stock worth $695,000 after acquiring an additional 462 shares during the period. Institutional investors and hedge funds own 93.44% of the company's stock.

About Insperity

Insperity, Inc. provides human resources and business solutions to small and midsize businesses in the United States. Its services are designed to help clients manage workforce-related responsibilities and support their employees. The company's offerings include payroll and employment administration, employee benefits, workers' compensation, human resources guidance, and assistance with employment-related compliance. It also provides services such as recruiting, training, and performance management.

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