Insperity, Inc. (NYSE:NSP) Declares Quarterly Dividend of $0.60

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 paid a dividend of 0.60 per share by the business services provider on Friday, June 20th. This represents a $2.40 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Friday, June 6th.

Insperity has increased 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 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 NSP stock traded down $1.74 during trading on Friday, hitting $65.06. The company's stock had a trading volume of 644,241 shares, compared to its average volume of 368,829. The company has a market cap of $2.45 billion, a PE ratio of 26.99 and a beta of 0.55. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. The business has a fifty day moving average of $77.77 and a 200-day moving average of $79.52. Insperity has a 52 week low of $61.54 and a 52 week high of $104.90.

Insperity (NYSE:NSP - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.44). The business had revenue of $310.00 million during the quarter, compared to the consensus estimate of $1.87 billion. Insperity had a net margin of 1.38% and a return on equity of 72.22%. The business's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.27 earnings per share. As a group, research analysts anticipate that Insperity will post 2.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Truist Financial dropped their price objective on Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th.

Insider Activity at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $65.26, for a total value of $926,887.78. Following the transaction, the chief executive officer now owns 458,589 shares in the company, valued at approximately $29,927,518.14. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Insperity

Several institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Insperity by 54.2% during the first quarter. Goldman Sachs Group Inc. now owns 513,785 shares of the business services provider's stock worth $45,845,000 after acquiring an additional 180,563 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Insperity by 205.4% during the first quarter. Royal Bank of Canada now owns 107,404 shares of the business services provider's stock worth $9,583,000 after acquiring an additional 72,241 shares in the last quarter. Empowered Funds LLC lifted its position 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 acquiring an additional 10,560 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Insperity by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,384 shares of the business services provider's stock worth $1,908,000 after acquiring an additional 948 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Insperity during the first quarter worth $218,000. Hedge funds and other 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.