Insperity, Inc. (NYSE:NSP - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $61.00 and last traded at $61.82, with a volume of 121673 shares changing hands. The stock had previously closed at $62.57.
Wall Street Analyst Weigh In
NSP has been the subject of several research reports. 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 lowered their price target on shares of Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th.
Read Our Latest Analysis on NSP
Insperity Price Performance
The firm's fifty day moving average price is $70.59 and its 200 day moving average price is $78.14. The firm has a market capitalization of $2.28 billion, a PE ratio of 25.12 and a beta of 0.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80.
Insperity (NYSE:NSP - Get Free Report) last announced 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). The firm had revenue of $310.00 million for the quarter, compared to analysts' expectations of $1.87 billion. Insperity had a return on equity of 72.22% and a net margin of 1.38%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $2.27 earnings per share. As a group, equities analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current year.
Insperity Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Friday, June 6th. Insperity's dividend payout ratio (DPR) is 142.86%.
Insider Buying and Selling
In other Insperity news, CEO Paul J. Sarvadi sold 14,203 shares of Insperity stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $65.26, for a total transaction of $926,887.78. Following the completion of the sale, the chief executive officer now directly owns 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.29% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in NSP. Jones Financial Companies Lllp lifted its position in shares of Insperity by 493.2% during the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock worth $27,000 after buying an additional 291 shares during the last quarter. Millennium Management LLC lifted its position in shares of Insperity by 28.4% during the 4th quarter. Millennium Management LLC now owns 51,097 shares of the business services provider's stock worth $3,961,000 after buying an additional 11,289 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Insperity during the 4th quarter worth approximately $1,373,000. Bank of New York Mellon Corp increased its holdings in shares of Insperity by 27.0% in the 4th quarter. Bank of New York Mellon Corp now owns 448,602 shares of the business services provider's stock valued at $34,771,000 after acquiring an additional 95,495 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Insperity in the 4th quarter valued at $10,390,000. Hedge funds and other institutional investors own 93.44% of the company's stock.
About Insperity
(
Get Free Report)
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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