Insperity, Inc. (NYSE:NSP) Receives Average Rating of “Reduce” from Analysts

Insperity, Inc. (NYSE:NSP) has received a consensus rating of “Reduce” from the five ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $48.25.

A number of research firms have commented on NSP. The Goldman Sachs Group set a $62.00 price objective on shares of Insperity in a research note on Monday, January 5th. Zacks Research upgraded shares of Insperity from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Truist Financial reduced their price target on shares of Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, November 4th. Roth Capital set a $62.00 price objective on Insperity in a report on Monday, January 5th. Finally, JPMorgan Chase & Co. cut their price objective on Insperity from $51.00 to $34.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 4th.

Insiders Place Their Bets

In other Insperity news, Director Randall Mehl bought 1,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $33.88 per share, with a total value of $33,880.00. Following the completion of the acquisition, the director directly owned 25,707 shares of the company’s stock, valued at approximately $870,953.16. The trade was a 4.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Insperity in the second quarter worth $26,960,000. Reinhart Partners LLC. grew its position in shares of Insperity by 23.2% during the third quarter. Reinhart Partners LLC. now owns 2,202,326 shares of the business services provider’s stock worth $108,355,000 after acquiring an additional 415,373 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Insperity by 601.2% in the 3rd quarter. Two Sigma Investments LP now owns 470,820 shares of the business services provider’s stock worth $23,164,000 after acquiring an additional 403,679 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of Insperity by 39.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 860,020 shares of the business services provider’s stock worth $42,313,000 after acquiring an additional 244,350 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Insperity by 54.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 513,785 shares of the business services provider’s stock valued at $45,845,000 after purchasing an additional 180,563 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Price Performance

NSP opened at $46.68 on Thursday. Insperity has a twelve month low of $31.00 and a twelve month high of $95.98. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 101.48 and a beta of 0.47. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 4.24. The company has a fifty day simple moving average of $38.07 and a 200 day simple moving average of $46.72.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.42). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. Insperity had a return on equity of 12.53% and a net margin of 0.25%.The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. Equities research analysts expect that Insperity will post 2.33 EPS for the current fiscal 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 given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Tuesday, December 9th. Insperity’s dividend payout ratio (DPR) is presently 521.74%.

About Insperity

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.