Brokerages Set Insperity, Inc. (NYSE:NSP) PT at $48.25

Insperity, Inc. (NYSE:NSP) has been assigned a consensus rating of “Reduce” from the five brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $48.25.

Several research firms have weighed in on NSP. Truist Financial lowered their price objective on shares of Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Insperity in a report on Monday, December 29th. The Goldman Sachs Group set a $62.00 price objective on shares of Insperity in a research note on Monday, January 5th. JPMorgan Chase & Co. dropped their target price on shares of Insperity from $51.00 to $34.00 and set an “underweight” rating for the company in a research report on Tuesday, November 4th. Finally, Zacks Research raised shares of Insperity from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th.

Insider Activity at Insperity

In related news, Director Randall Mehl acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $33.88 per share, with a total value of $33,880.00. Following the transaction, the director owned 25,707 shares of the company’s stock, valued at $870,953.16. The trade was a 4.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.29% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Insperity

A number of large investors have recently bought and sold shares of NSP. Y Intercept Hong Kong Ltd bought a new position in Insperity during the second quarter worth about $589,000. Charles Schwab Investment Management Inc. raised its holdings in Insperity by 2.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,452,465 shares of the business services provider’s stock valued at $87,322,000 after acquiring an additional 41,521 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Insperity by 30.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 90,441 shares of the business services provider’s stock valued at $5,437,000 after acquiring an additional 21,027 shares during the period. Strs Ohio bought a new stake in shares of Insperity during the 1st quarter valued at $321,000. Finally, American Century Companies Inc. grew its holdings in shares of Insperity by 136.7% during the 2nd quarter. American Century Companies Inc. now owns 56,559 shares of the business services provider’s stock worth $3,400,000 after purchasing an additional 32,665 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Trading Up 3.6%

NSP stock opened at $47.01 on Thursday. The business has a fifty day moving average price of $38.56 and a 200 day moving average price of $46.61. 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 fifty-two week low of $31.00 and a fifty-two week high of $95.98. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 102.20 and a beta of 0.47.

Insperity (NYSE:NSP) last announced its earnings results on Tuesday, November 4th. The business services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.42). Insperity had a return on equity of 12.53% and a net margin of 0.25%.The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the company posted $0.39 EPS. Insperity’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that Insperity will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Tuesday, December 9th. Insperity’s dividend payout ratio is 521.74%.

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.