Insperity, Inc. (NYSE:NSP) Director Latha Ramchand Acquires 1,000 Shares

Key Points

• Latha Ramchand, a director at Insperity, acquired 1,000 shares of the company's stock valued at approximately $50,640, increasing their ownership by 7.08%.
• Insperity's recent quarterly earnings report showed an EPS of $0.26, missing analysts' expectations of $0.41, despite revenues meeting the consensus at $1.66 billion.
• The company's quarterly dividend of $0.60 per share reflects a high dividend payout ratio of 226.42%, indicating a potential strain on future earnings.

Insperity, Inc. (NYSE:NSP - Get Free Report) Director Latha Ramchand acquired 1,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were bought at an average cost of $50.64 per share, with a total value of $50,640.00. Following the purchase, the director owned 15,120 shares in the company, valued at approximately $765,676.80. The trade was a 7.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Insperity Stock Performance

Shares of NSP traded down $0.12 on Wednesday, reaching $50.54. 891,830 shares of the stock traded hands, compared to its average volume of 632,997. The stock's 50-day moving average price is $59.63 and its 200-day moving average price is $72.88. Insperity, Inc. has a 12 month low of $44.14 and a 12 month high of $95.98. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 47.68 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 (NYSE:NSP - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.15). The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. Insperity had a net margin of 0.60% and a return on equity of 35.32%. The business's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.86 earnings per share. Equities analysts forecast that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.60 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.40 annualized dividend and a yield of 4.7%. Insperity's dividend payout ratio (DPR) is currently 226.42%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Insperity

Hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA raised its position in shares of Insperity by 279.1% during the first quarter. Private Trust Co. NA now owns 326 shares of the business services provider's stock worth $29,000 after purchasing an additional 240 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Insperity during the first quarter worth about $33,000. DekaBank Deutsche Girozentrale bought a new position in shares of Insperity during the first quarter worth about $42,000. First Horizon Advisors Inc. grew its holdings in shares of Insperity by 56.0% during the first quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider's stock worth $63,000 after buying an additional 253 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Insperity by 32.2% during the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider's stock worth $67,000 after buying an additional 182 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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