Insperity, Inc. (NYSE:NSP - Get Free Report) announced a quarterly dividend on Thursday, May 22nd, RTT News reports. Shareholders of record on Friday, June 6th will be given a dividend of 0.60 per share by the business services provider on Friday, June 20th. This represents a $2.40 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Friday, June 6th.
Insperity has raised its dividend by an average of 10.6% annually over the last three years and has increased its dividend every year for the last 14 years. Insperity has a payout ratio of 65.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Insperity to earn $3.05 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 78.7%.
Insperity Stock Performance
Shares of NYSE:NSP traded up $0.60 during trading on Tuesday, hitting $65.67. 185,804 shares of the stock traded hands, compared to its average volume of 491,459. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The company has a fifty day moving average price of $77.25 and a two-hundred day moving average price of $79.41. Insperity has a 52-week low of $61.54 and a 52-week high of $104.90. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 27.24 and a beta of 0.55.
Insperity (NYSE:NSP - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.57 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.44). Insperity had a net margin of 1.38% and a return on equity of 72.22%. The firm had revenue of $310.00 million for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business posted $2.27 EPS. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts predict that Insperity will post 2.33 EPS for the current year.
Insider Activity
In related news, CEO Paul J. Sarvadi sold 14,203 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $65.26, for a total value of $926,887.78. Following the transaction, the chief executive officer now directly owns 458,589 shares of the company's stock, valued at approximately $29,927,518.14. This trade represents a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.50% of the company's stock.
Institutional Investors Weigh In On Insperity
Several large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in shares of 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 in the last quarter. United Services Automobile Association purchased a new position in Insperity in the 1st quarter valued at $202,000. Dynamic Technology Lab Private Ltd purchased a new position in Insperity in the 1st quarter valued at $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Insperity by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,384 shares of the business services provider's stock worth $1,908,000 after purchasing an additional 948 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Insperity by 59.6% during the first quarter. Empowered Funds LLC now owns 28,275 shares of the business services provider's stock worth $2,523,000 after buying an additional 10,560 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on NSP. Truist Financial lowered their price target on Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen downgraded Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th.
Read Our Latest Stock Report on NSP
About Insperity
(
Get Free Report)
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.
Featured Articles
Before you consider Insperity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Insperity wasn't on the list.
While Insperity currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
