Insperity (NYSE:NSP) Hits New 52-Week Low - Here's Why

Shares of Insperity, Inc. (NYSE:NSP - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $57.87 and last traded at $58.56, with a volume of 671969 shares. The stock had previously closed at $60.05.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NSP. Wall Street Zen cut shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Truist Financial decreased their target price on shares of Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th.

Insperity Price Performance

The firm has a 50-day simple moving average of $66.86 and a 200-day simple moving average of $76.99. The firm has a market capitalization of $2.20 billion, a PE ratio of 34.86 and a beta of 0.51. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.13 and a quick ratio of 1.13.

Insperity (NYSE:NSP - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $310.00 million during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the business posted $2.27 EPS. The business's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts forecast 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 given 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 dividend payout ratio (DPR) is presently 142.86%.

Insider Buying and Selling at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $65.26, for a total transaction of $926,887.78. Following the sale, the chief executive officer now owns 458,589 shares in the company, valued at approximately $29,927,518.14. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Insperity

A number of hedge funds and other institutional investors have recently modified their holdings of NSP. Sanctuary Advisors LLC boosted its holdings in Insperity by 24.0% in the 4th quarter. Sanctuary Advisors LLC now owns 15,356 shares of the business services provider's stock worth $1,150,000 after buying an additional 2,971 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Insperity by 15.1% in the fourth quarter. Handelsbanken Fonder AB now owns 9,144 shares of the business services provider's stock valued at $709,000 after acquiring an additional 1,200 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Insperity by 27.0% in the fourth quarter. Bank of New York Mellon Corp now owns 448,602 shares of the business services provider's stock worth $34,771,000 after acquiring an additional 95,495 shares during the period. US Bancorp DE boosted its stake in shares of Insperity by 36.7% in the fourth quarter. US Bancorp DE now owns 2,150 shares of the business services provider's stock worth $167,000 after acquiring an additional 577 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Insperity by 493.2% during the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock worth $27,000 after purchasing an additional 291 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insperity Company Profile

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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