Insider Buying: Insperity, Inc. (NYSE:NSP) Director Acquires 2,000 Shares of Stock

Key Points

• Insperity, Inc. director Randall Mehl purchased 2,000 shares of stock at an average cost of $45.05 per share, increasing his ownership stake by 9.66% to a total of approximately $1.02 million.
• The company's recent earnings report showed an EPS of $0.26, missing the consensus estimate of $0.41, despite revenues of $1.66 billion matching expectations.
• Insperity's dividend yield stands at 4.7% with an annualized dividend of $2.40, but it has a high payout ratio of 226.42%.

Insperity, Inc. (NYSE:NSP - Get Free Report) Director Randall Mehl bought 2,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average cost of $45.05 per share, for a total transaction of $90,100.00. Following the completion of the purchase, the director owned 22,707 shares in the company, valued at $1,022,950.35. This trade represents a 9.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Insperity Price Performance

Shares of NYSE NSP traded down $0.12 during trading on Wednesday, reaching $50.54. The company had a trading volume of 891,830 shares, compared to its average volume of 632,997. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 3.29. The stock has a market capitalization of $1.90 billion, a PE ratio of 47.68 and a beta of 0.47. The stock has a 50-day moving average price of $59.63 and a two-hundred day moving average price of $72.88. Insperity, Inc. has a twelve month low of $44.14 and a twelve month high of $95.98.

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

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, June 6th. Insperity's dividend payout ratio (DPR) is presently 226.42%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NSP shares. JPMorgan Chase & Co. decreased their price target on shares of Insperity from $68.00 to $51.00 and set an "underweight" rating for the company in a research note on Monday. Truist Financial decreased their price target on Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a report on Monday. Roth Capital cut their target price on Insperity from $85.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Wall Street Zen cut Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $58.33.

Institutional Investors Weigh In On Insperity

Large investors have recently made changes to their positions in the company. Covestor Ltd grew its holdings in Insperity by 12.6% during the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock valued at $101,000 after purchasing an additional 146 shares during the period. Beverly Hills Private Wealth LLC grew its holdings in shares of Insperity by 4.6% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,538 shares of the business services provider's stock valued at $316,000 after buying an additional 155 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Insperity by 49.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 548 shares of the business services provider's stock valued at $33,000 after buying an additional 181 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Insperity by 32.2% in the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider's stock valued at $67,000 after acquiring an additional 182 shares during the period. Finally, Snowden Capital Advisors LLC increased its holdings in shares of Insperity by 6.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider's stock worth $255,000 after acquiring an additional 186 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

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.

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