Insperity (NYSE:NSP) Trading 4.1% Higher – Should You Buy?

Shares of Insperity, Inc. (NYSE:NSP) were up 4.1% during mid-day trading on Friday . The company traded as high as $42.29 and last traded at $42.55. Approximately 33,629 shares traded hands during trading, a decline of 97% from the average daily volume of 1,039,532 shares. The stock had previously closed at $40.86.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NSP. Roth Mkm set a $62.00 target price on Insperity 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 research note on Saturday, November 8th. Zacks Research raised shares of Insperity from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Truist Financial dropped their target price on shares of Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Insperity in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Insperity has an average rating of “Reduce” and an average price target of $48.25.

Insperity Stock Up 4.1%

The business’s fifty day moving average price is $39.99 and its two-hundred day moving average price is $46.04. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $1.60 billion, a P/E ratio of 92.38 and a beta of 0.47.

Insperity (NYSE:NSP) last posted its quarterly earnings data 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 firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the firm earned $0.39 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. Equities analysts expect that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 5.6%. Insperity’s dividend payout ratio is 521.74%.

Insider Buying and Selling at Insperity

In other news, Director Randall Mehl purchased 1,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $33.88 per share, for a total transaction of $33,880.00. Following the purchase, the director owned 25,707 shares in the company, valued at $870,953.16. This trade represents a 4.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.29% of the stock is owned by company insiders.

Institutional Investors Weigh In On Insperity

Several hedge funds have recently added to or reduced their stakes in NSP. Y Intercept Hong Kong Ltd purchased a new position in shares of Insperity during the 2nd quarter valued at approximately $589,000. Charles Schwab Investment Management Inc. grew its position in Insperity by 2.9% during the second 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 buying an additional 41,521 shares during the period. Teacher Retirement System of Texas increased its holdings in Insperity by 30.3% in the second quarter. Teacher Retirement System of Texas now owns 90,441 shares of the business services provider’s stock valued at $5,437,000 after buying an additional 21,027 shares in the last quarter. Reinhart Partners LLC. raised its position in shares of Insperity by 23.2% in 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 period. Finally, American Century Companies Inc. boosted its stake 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 acquiring an additional 32,665 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.