Insperity, Inc. (NYSE:NSP) Short Interest Up 22.8% in December

Insperity, Inc. (NYSE:NSP) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,738,237 shares, an increase of 22.8% from the November 30th total of 3,043,909 shares. Approximately 10.5% of the company’s stock are sold short. Based on an average daily volume of 960,585 shares, the short-interest ratio is currently 3.9 days. Based on an average daily volume of 960,585 shares, the short-interest ratio is currently 3.9 days. Approximately 10.5% of the company’s stock are sold short.

Analysts Set New Price Targets

NSP has been the subject of several recent research reports. Truist Financial lowered their price target on Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Zacks Research downgraded shares of Insperity from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d)” rating on shares of Insperity in a research note on Monday. Wall Street Zen downgraded shares of Insperity from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Insperity from $51.00 to $34.00 and set an “underweight” rating for the company in a report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $46.67.

Insperity Stock Performance

Shares of NSP opened at $38.69 on Friday. The company has a market capitalization of $1.46 billion, a PE ratio of 84.11 and a beta of 0.47. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.12 and a quick ratio of 1.12. Insperity has a one year low of $31.00 and a one year high of $95.98. The company’s fifty day moving average price is $37.18 and its 200 day moving average price is $48.24.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.42). The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. Insperity had a net margin of 0.25% and a return on equity of 12.53%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. As a group, analysts expect that Insperity will post 2.33 earnings per share for the current year.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, December 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.2%. Insperity’s payout ratio is 521.74%.

Insider Transactions at Insperity

In other news, Director Randall Mehl bought 1,000 shares of the stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $33.88 per share, for a total transaction of $33,880.00. Following the completion of the purchase, the director directly owned 25,707 shares of the company’s stock, valued at $870,953.16. This trade represents a 4.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.29% of the company’s stock.

Hedge Funds Weigh In On Insperity

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LRI Investments LLC boosted its holdings in Insperity by 134.0% in the 3rd quarter. LRI Investments LLC now owns 606 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 347 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Insperity by 49.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 548 shares of the business services provider’s stock valued at $33,000 after buying an additional 181 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Insperity in the third quarter valued at about $41,000. Bayforest Capital Ltd bought a new stake in shares of Insperity in the third quarter valued at about $58,000. Finally, Geneos Wealth Management Inc. grew its position in Insperity by 32.2% during the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock worth $67,000 after buying an additional 182 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Insperity Company Profile

Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.

The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.