Insperity (NYSE:NSP) Sets New 12-Month Low - Here's What Happened

Insperity, Inc. (NYSE:NSP - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $59.09 and last traded at $59.66, with a volume of 277751 shares trading hands. The stock had previously closed at $60.20.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial decreased their price target 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. Wall Street Zen cut shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

Insperity Stock Down 1.1%

The firm has a market capitalization of $2.24 billion, a P/E ratio of 35.49 and a beta of 0.51. The company has a fifty day simple moving average of $68.83 and a 200 day simple moving average of $77.62. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 3.66.

Insperity (NYSE:NSP - Get Free Report) last issued 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 firm had revenue of $310.00 million during the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the firm posted $2.27 earnings per share. The firm's quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Friday, June 6th. Insperity's payout ratio is currently 142.86%.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the business'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 completion of the sale, the chief executive officer now directly owns 458,589 shares in the company, valued at approximately $29,927,518.14. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.29% of the company's stock.

Institutional Trading of Insperity

Several institutional investors and hedge funds have recently added to or reduced their stakes in NSP. Mawer Investment Management Ltd. lifted its position in shares of Insperity by 0.5% in the fourth quarter. Mawer Investment Management Ltd. now owns 5,217,635 shares of the business services provider's stock worth $404,419,000 after buying an additional 27,599 shares in the last quarter. Vanguard Group Inc. increased its stake in Insperity by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider's stock worth $310,686,000 after acquiring an additional 167,560 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of Insperity by 26.6% during the 1st quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider's stock worth $132,423,000 after acquiring an additional 312,217 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Insperity by 5.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,410,944 shares of the business services provider's stock valued at $125,899,000 after acquiring an additional 78,888 shares during the last quarter. Finally, Earnest Partners LLC grew its holdings in shares of Insperity by 3.3% in the first quarter. Earnest Partners LLC now owns 1,370,771 shares of the business services provider's stock valued at $122,314,000 after purchasing an additional 44,004 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

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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