Insperity, Inc. (NYSE:NSP) Director Purchases $100,083.64 in Stock

Key Points

• Insperity, Inc. Director Eli Jones bought 2,204 shares at an average price of $45.41, increasing his stake by 20.71% to a total of 12,847 shares.
• The company reported $0.26 earnings per share for the last quarter, missing analysts' estimates by ($0.15), with revenue of $1.66 billion—matching expectations but showing a 3.3% year-over-year increase.
• Insperity's quarterly dividend is $0.60, yielding 4.7%, but has a high payout ratio of 226.42%, indicating potential financial strain.

Insperity, Inc. (NYSE:NSP - Get Free Report) Director Eli Jones purchased 2,204 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $45.41 per share, with a total value of $100,083.64. Following the completion of the purchase, the director owned 12,847 shares in the company, valued at $583,382.27. This trade represents a 20.71% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Insperity Stock Down 0.2%

NSP stock traded down $0.12 during midday trading on Wednesday, reaching $50.54. 891,830 shares of the company were exchanged, compared to its average volume of 632,997. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.13 and a current ratio of 1.12. The stock's 50-day simple moving average is $59.63 and its 200 day simple moving average is $72.88. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 47.68 and a beta of 0.47. Insperity, Inc. has a 1-year low of $44.14 and a 1-year high of $95.98.

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

Insperity Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Insperity

Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC raised its stake in Insperity by 3.5% during the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider's stock worth $483,000 after purchasing an additional 208 shares during the period. JPMorgan Chase & Co. boosted its holdings in Insperity by 92.6% in the fourth quarter. JPMorgan Chase & Co. now owns 290,166 shares of the business services provider's stock valued at $22,491,000 after acquiring an additional 139,497 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Insperity during the fourth quarter valued at about $372,000. Trexquant Investment LP acquired a new stake in Insperity during the fourth quarter worth about $1,880,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Insperity by 6.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 201,432 shares of the business services provider's stock worth $15,613,000 after purchasing an additional 12,728 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

About Insperity

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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