Insperity (NYSE:NSP) Hits New 1-Year Low - Should You Sell?

Insperity, Inc. (NYSE:NSP - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $56.41 and last traded at $56.98, with a volume of 283055 shares traded. The stock had previously closed at $57.63.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NSP. Wall Street Zen cut shares of Insperity from a "buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Truist Financial reduced their target price on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th.

Insperity Stock Up 0.1%

The stock's 50-day moving average is $62.71 and its 200-day moving average is $74.69. The stock has a market cap of $2.13 billion, a P/E ratio of 33.82 and a beta of 0.48. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.66.

Insperity (NYSE:NSP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.44). Insperity had a return on equity of 52.17% and a net margin of 0.95%. The company had revenue of $310.00 million during the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the company earned $2.27 earnings per share. Insperity's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, research analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were given 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 4.23%. Insperity's dividend payout ratio (DPR) is currently 142.86%.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of Insperity stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $65.26, for a total value of $926,887.78. Following the completion of the sale, the chief executive officer directly owned 458,589 shares in the company, valued at $29,927,518.14. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.29% of the stock is owned by corporate insiders.

Institutional Trading of Insperity

Several large investors have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. bought a new position in Insperity in the fourth quarter valued at about $39,231,000. Norges Bank acquired a new stake in Insperity during the fourth quarter worth approximately $31,587,000. First Trust Advisors LP grew its stake in Insperity by 54.2% during the fourth quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock worth $83,299,000 after purchasing an additional 377,603 shares during the period. Reinhart Partners LLC. grew its stake in Insperity by 26.6% in the first quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider's stock valued at $132,423,000 after acquiring an additional 312,217 shares during the period. Finally, Millennium Management LLC grew its stake in Insperity by 533.8% in the first quarter. Millennium Management LLC now owns 323,875 shares of the business services provider's stock valued at $28,899,000 after acquiring an additional 272,778 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

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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