Insperity, Inc. (NYSE:NSP) Sees Large Decrease in Short Interest

Insperity, Inc. (NYSE:NSP - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 2,450,000 shares, a drop of 13.4% from the April 30th total of 2,830,000 shares. Based on an average daily volume of 530,800 shares, the days-to-cover ratio is presently 4.6 days. Currently, 6.9% of the shares of the company are short sold.

Insider Activity at Insperity

In related 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 completion of the sale, the chief executive officer now directly owns 458,589 shares in the company, valued at approximately $29,927,518.14. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Insperity

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Insperity by 493.2% in the fourth 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 in the last quarter. Private Trust Co. NA boosted its position in Insperity by 279.1% in the first quarter. Private Trust Co. NA now owns 326 shares of the business services provider's stock worth $29,000 after purchasing an additional 240 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Insperity in the first quarter worth about $33,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Insperity during the 1st quarter valued at about $42,000. Finally, First Horizon Advisors Inc. raised its stake in Insperity by 56.0% during the 1st quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider's stock valued at $63,000 after purchasing an additional 253 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insperity Stock Performance

Shares of NSP traded down $0.92 during trading hours on Friday, hitting $62.70. The company had a trading volume of 427,946 shares, compared to its average volume of 378,699. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 26.02 and a beta of 0.51. The business has a fifty day moving average of $72.85 and a 200-day moving average of $78.72. Insperity has a 12 month low of $61.54 and a 12 month high of $104.90. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80.

Insperity (NYSE:NSP - Get Free Report) last announced 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 72.22% and a net margin of 1.38%. The firm had revenue of $310.00 million for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the company earned $2.27 earnings per share. The company's quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts anticipate that Insperity will post 2.33 EPS for the current fiscal year.

Insperity Announces Dividend

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 paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, June 6th. Insperity's payout ratio is 142.86%.

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.