Insperity (NYSE:NSP) Stock Breaks Above Fifty Day Moving Average - Here's What Happened

Key Points

• Insperity shares moved above their 50-day moving average, reaching $50.96 and last trading at $50.82, compared with a 50-day average of $49.89.
• The company narrowly beat quarterly estimates, reporting EPS of $0.22 versus $0.21 expected and revenue of $1.65 billion versus $1.64 billion expected; revenue rose 1.7% year over year.
• Analyst sentiment remained cautious: MarketBeat listed a consensus “Reduce” rating and a $53.33 price target. Insperity’s $0.60 quarterly dividend equates to $2.40 annually and a stated yield of 4.7%.

Shares of Insperity, Inc. (NYSE:NSP - Get Free Report) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $49.89 and traded as high as $50.96. Insperity shares last traded at $50.8230, with a volume of 362,012 shares.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NSP. Truist Financial set a $52.00 target price on shares of Insperity and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Zacks Research upgraded shares of Insperity from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 29th. Roth Capital set a $61.00 price target on shares of Insperity in a research note on Friday, July 31st. Weiss Ratings reissued a "sell (d+)" rating on shares of Insperity in a report on Tuesday, October 13th. Finally, Robert W. Baird set a $56.00 price objective on shares of Insperity in a report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $53.33.

Insperity Price Performance

The company has a debt-to-equity ratio of 9.52, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a fifty day simple moving average of $49.89 and a two-hundred day simple moving average of $39.82. The firm has a market cap of $1.94 billion, a PE ratio of 635.37 and a beta of 0.48.

Insperity (NYSE:NSP - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.64 billion. Insperity had a return on equity of 18.27% and a net margin of 0.04%. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.20) EPS. Equities analysts predict that Insperity, Inc. will post 1.28 EPS for the current fiscal year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.60 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $2.40 annualized dividend and a yield of 4.7%. Insperity's dividend payout ratio (DPR) is 3,000.00%.

Institutional Trading of Insperity

Large investors have recently made changes to their positions in the business. Sterling Capital Management LLC raised its position in shares of Insperity by 845.4% during the 3rd quarter. Sterling Capital Management LLC now owns 1,229 shares of the business services provider's stock valued at $57,000 after buying an additional 1,099 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Insperity by 48.1% in the first quarter. Public Employees Retirement System of Ohio now owns 1,299 shares of the business services provider's stock worth $35,000 after acquiring an additional 422 shares in the last quarter. Fortitude Family Office LLC grew its position in Insperity by 1,466.7% in the third quarter. Fortitude Family Office LLC now owns 1,645 shares of the business services provider's stock worth $77,000 after acquiring an additional 1,540 shares in the last quarter. Parallel Advisors LLC grew its position in Insperity by 267.0% in the third quarter. Parallel Advisors LLC now owns 2,000 shares of the business services provider's stock worth $93,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Insperity by 293.6% during the first quarter. Geneos Wealth Management Inc. now owns 2,078 shares of the business services provider's stock worth $56,000 after acquiring an additional 1,550 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insperity Company Profile

Insperity, Inc. provides human resources and business solutions to small and midsize businesses in the United States. Its services are designed to help clients manage workforce-related responsibilities and support their employees. The company's offerings include payroll and employment administration, employee benefits, workers' compensation, human resources guidance, and assistance with employment-related compliance. It also provides services such as recruiting, training, and performance management.

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