Insperity (NYSE:NSP) Reaches New 12-Month Low - Here's Why

Insperity, Inc. (NYSE:NSP - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $57.59 and last traded at $57.99, with a volume of 109194 shares changing hands. The stock had previously closed at $58.45.

Wall Street Analyst Weigh In

NSP has been the topic of a number of research reports. Wall Street Zen lowered Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Truist Financial cut their price target on Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th.

Insperity Stock Up 0.1%

The firm has a market cap of $2.20 billion, a P/E ratio of 34.83 and a beta of 0.48. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 3.66. The firm has a fifty day moving average of $63.39 and a 200-day moving average of $75.24.

Insperity (NYSE:NSP - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $2.27 EPS. The business's revenue was up 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Announces Dividend

The business also recently announced 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 of this dividend was Friday, June 6th. This represents a $2.40 annualized dividend and a yield of 4.10%. Insperity's payout ratio is presently 142.86%.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $65.26, for a total transaction of $926,887.78. Following the sale, the chief executive officer owned 458,589 shares in the company, valued at approximately $29,927,518.14. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.29% of the company's stock.

Hedge Funds Weigh In On Insperity

A number of institutional investors have recently bought and sold shares of the business. Covestor Ltd increased its position in Insperity by 12.6% during the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider's stock worth $101,000 after buying an additional 146 shares during the last quarter. Beverly Hills Private Wealth LLC increased its position in Insperity by 4.6% during the first quarter. Beverly Hills Private Wealth LLC now owns 3,538 shares of the business services provider's stock worth $316,000 after buying an additional 155 shares during the last quarter. Geneos Wealth Management Inc. increased its position 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 during the last quarter. Snowden Capital Advisors LLC increased its position in Insperity by 6.0% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider's stock worth $255,000 after buying an additional 186 shares during the last quarter. Finally, LPL Financial LLC increased 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 buying an additional 208 shares during the last quarter. Institutional investors and hedge funds 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.