Insperity (NYSE:NSP) Trading Down 6.7% – Should You Sell?

Insperity, Inc. (NYSE:NSP)’s stock price was down 6.7% on Wednesday . The company traded as low as $41.16 and last traded at $41.3810. Approximately 462,029 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 1,052,824 shares. The stock had previously closed at $44.35.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Truist Financial dropped their target price 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. Roth Mkm set a $62.00 target price on shares of Insperity in a report on Monday, January 5th. Zacks Research upgraded Insperity from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Wall Street Zen downgraded shares of Insperity from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, The Goldman Sachs Group set a $62.00 price target on shares of Insperity in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $48.25.

Insperity Price Performance

The company has a market cap of $1.54 billion, a PE ratio of 88.54 and a beta of 0.47. The stock has a fifty day moving average price of $39.64 and a 200-day moving average price of $46.11. 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 (NYSE:NSP) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.42). The business had revenue of $1.62 billion for 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 firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. On average, equities analysts expect that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Tuesday, December 9th. Insperity’s dividend payout ratio (DPR) is currently 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 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in Insperity during the second quarter worth $26,960,000. Reinhart Partners LLC. increased 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 valued at $108,355,000 after purchasing an additional 415,373 shares during the period. Two Sigma Investments LP lifted its position in Insperity by 601.2% in the third quarter. Two Sigma Investments LP now owns 470,820 shares of the business services provider’s stock worth $23,164,000 after purchasing an additional 403,679 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Insperity by 39.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 860,020 shares of the business services provider’s stock worth $42,313,000 after buying an additional 244,350 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Insperity by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 513,785 shares of the business services provider’s stock valued at $45,845,000 after acquiring an additional 180,563 shares during the period. 93.44% of the stock is owned by institutional investors.

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.