Insperity, Inc. (NYSE:NSP) Director Purchases $22,197.00 in Stock

Key Points

• Insperity's Director, Ellen H. Masterson, purchased 490 shares of the company's stock at an average price of $45.30 per share, totaling $22,197.00, increasing her ownership by 2.54%.
• The company reported $0.26 earnings per share for the last quarter, missing the consensus estimate of $0.41, and experienced a year-over-year revenue growth of 3.3%.
• Insperity's recent quarterly dividend was set at $0.60, resulting in an annualized yield of 4.7%, although the payout ratio stands at a high 226.42%.

Insperity, Inc. (NYSE:NSP - Get Free Report) Director Ellen H. Masterson bought 490 shares of Insperity stock in a transaction dated Monday, August 4th. The shares were bought at an average cost of $45.30 per share, for a total transaction of $22,197.00. Following the completion of the transaction, the director owned 19,780 shares of the company's stock, valued at approximately $896,034. This trade represents a 2.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Insperity Stock Performance

NSP traded down $0.12 during trading on Wednesday, hitting $50.54. The stock had a trading volume of 891,830 shares, compared to its average volume of 632,997. The firm has a market cap of $1.90 billion, a PE ratio of 47.68 and a beta of 0.47. Insperity, Inc. has a 12 month low of $44.14 and a 12 month high of $95.98. 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 company has a 50 day simple moving average of $59.63 and a 200-day simple moving average of $72.88.

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

Insperity Announces Dividend

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

Hedge Funds Weigh In On Insperity

Institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its stake in 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 acquiring an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Insperity during the first quarter worth $33,000. DekaBank Deutsche Girozentrale acquired a new position in Insperity during the first quarter worth $42,000. First Horizon Advisors Inc. grew its holdings in 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 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. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.