Wall Street Zen lowered shares of Insperity (NYSE:NSP - Free Report) from a hold rating to a sell rating in a report released on Saturday morning.
A number of other equities research analysts also recently weighed in on NSP. Roth Capital dropped their price target on shares of Insperity from $85.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. dropped their price target on shares of Insperity from $68.00 to $51.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. Finally, Truist Financial dropped their price target on shares of Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a research note on Monday, August 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $58.33.
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Insperity Price Performance
NYSE NSP traded down $3.63 on Friday, hitting $49.84. 668,001 shares of the company were exchanged, compared to its average volume of 519,840. Insperity has a 1-year low of $44.14 and a 1-year high of $95.98. The firm has a 50 day moving average of $59.14 and a two-hundred day moving average of $72.43. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.29. The company has a market cap of $1.88 billion, a P/E ratio of 47.02 and a beta of 0.47.
Insperity (NYSE:NSP - Get Free Report) last issued 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 analyst estimates of $1.66 billion. Insperity had a net margin of 0.60% and a return on equity of 35.32%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. On average, equities analysts predict that Insperity will post 2.33 EPS for the current year.
Insperity Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a yield of 4.8%. Insperity's payout ratio is currently 226.42%.
Insider Activity
In other news, EVP James D. Allison acquired 4,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of $46.82 per share, for a total transaction of $187,280.00. Following the completion of the acquisition, the executive vice president owned 64,517 shares in the company, valued at $3,020,685.94. This trade represents a 6.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Carol R. Kaufman purchased 5,000 shares of Insperity stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $45.24 per share, with a total value of $226,200.00. Following the acquisition, the director directly owned 47,067 shares of the company's stock, valued at approximately $2,129,311.08. This trade represents a 11.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 20,194 shares of company stock valued at $925,981. 5.29% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in NSP. LPL Financial LLC raised its position 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 acquiring an additional 208 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Insperity by 6.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 201,432 shares of the business services provider's stock valued at $15,613,000 after purchasing an additional 12,728 shares during the period. Bank of Montreal Can raised its position in shares of Insperity by 15.6% in the fourth quarter. Bank of Montreal Can now owns 3,928 shares of the business services provider's stock valued at $304,000 after purchasing an additional 529 shares during the period. Covestor Ltd grew its stake in shares of Insperity by 12.6% in the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock valued at $101,000 after acquiring an additional 146 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Insperity by 17.7% in the fourth quarter. Barclays PLC now owns 97,224 shares of the business services provider's stock valued at $7,537,000 after acquiring an additional 14,644 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company's stock.
About Insperity
(
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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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