James D. Allison Purchases 4,000 Shares of Insperity, Inc. (NYSE:NSP) Stock

Key Points

• Insperity's EVP, James D. Allison, purchased 4,000 shares at an average price of $46.82, raising his ownership stake by 6.61% to a total of 64,517 shares.
• The company reported $0.26 earnings per share for the last quarter, falling short of analyst estimates, while its quarterly revenue increased by 3.3% year-over-year.
• Insperity announced a quarterly dividend of $0.60 per share, representing a 4.7% dividend yield, although it has a notably high payout ratio of 226.42%.

Insperity, Inc. (NYSE:NSP - Get Free Report) EVP James D. Allison bought 4,000 shares of the company's stock in a transaction on Monday, August 4th. The stock was purchased at an average cost of $46.82 per share, for a total transaction of $187,280.00. Following the completion of the transaction, the executive vice president directly owned 64,517 shares of the company's stock, valued at approximately $3,020,685.94. The trade was a 6.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Insperity Stock Performance

Shares of NSP stock traded up $1.24 during trading hours on Friday, reaching $53.48. 789,869 shares of the company traded hands, compared to its average volume of 694,967. The firm has a 50-day moving average price of $59.14 and a 200 day moving average price of $72.53. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.12 and a quick ratio of 1.13. The company has a market cap of $2.01 billion, a P/E ratio of 50.45 and a beta of 0.47. Insperity, Inc. has a 12-month low of $44.14 and a 12-month high of $95.98.

Insperity (NYSE:NSP - Get Free Report) last released its 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). Insperity had a net margin of 0.60% and a return on equity of 35.32%. The firm had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter last year, the firm posted $0.86 EPS. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Friday, June 6th. Insperity's dividend payout ratio (DPR) is 226.42%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Roth Capital lowered 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, August 4th. Wall Street Zen cut shares of Insperity from a "hold" rating to a "sell" rating in a report on Saturday. JPMorgan Chase & Co. dropped their price target on shares of Insperity from $68.00 to $51.00 and set an "underweight" rating on the stock in a research note on Monday, August 4th. Finally, Truist Financial cut their price objective on shares of Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Insperity currently has an average rating of "Hold" and a consensus price target of $58.33.

Institutional Trading of Insperity

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA increased its holdings in shares of Insperity by 279.1% in 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 last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Insperity during the 1st quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale bought a new stake in Insperity in the 1st quarter worth approximately $42,000. First Horizon Advisors Inc. raised its holdings in shares of Insperity by 56.0% during the 1st quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider's stock worth $63,000 after acquiring an additional 253 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Insperity by 32.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider's stock worth $67,000 after acquiring an additional 182 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

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.