Insperity (NYSE:NSP) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Insperity (NYSE:NSP) from a buy rating to a hold rating in a research note released on Wednesday.

Separately, Truist Financial dropped their price objective on shares of Insperity from $82.00 to $70.00 and set a “hold” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, Insperity currently has a consensus rating of “Hold” and a consensus price target of $89.67.

Insperity Trading Up 1.2 %

NSP stock opened at $66.80 on Wednesday. Insperity has a 52 week low of $61.54 and a 52 week high of $106.69. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 27.72 and a beta of 0.67. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80. The business has a fifty day simple moving average of $83.85 and a 200-day simple moving average of $81.07.

Insperity (NYSE:NSP) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.44). Insperity had a return on equity of 72.22% and a net margin of 1.38%. The firm had revenue of $310.00 million during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the business earned $2.27 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts expect that Insperity will post 2.33 EPS for the current year.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.59%. The ex-dividend date was Thursday, March 13th. Insperity’s dividend payout ratio (DPR) is 142.86%.

Insider Transactions at Insperity

In other Insperity news, COO Arthur A. Arizpe sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total value of $508,080.00. Following the transaction, the chief operating officer now directly owns 72,551 shares of the company’s stock, valued at $6,143,618.68. This represents a 7.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ellen H. Masterson purchased 1,755 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were bought at an average cost of $85.75 per share, with a total value of $150,491.25. Following the transaction, the director now directly owns 16,612 shares of the company’s stock, valued at approximately $1,424,479. This represents a 11.81 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its stake in shares of Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. Private Trust Co. NA raised its stake in Insperity by 279.1% during the first quarter. Private Trust Co. NA now owns 326 shares of the business services provider’s stock valued at $29,000 after buying an additional 240 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Insperity during the 3rd quarter worth approximately $32,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Insperity in the 1st quarter worth approximately $42,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Insperity by 56.0% in the 1st quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 253 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.