Insperity, Inc. (NYSE:NSP – Get Free Report) announced a quarterly dividend on Thursday, August 20th. Shareholders of record on Wednesday, September 2nd will be paid a dividend of 0.60 per share by the business services provider on Thursday, September 17th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Wednesday, September 2nd.
Insperity has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 14 years. Insperity has a payout ratio of 65.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Insperity to earn $1.72 per share next year, which means the company may not be able to cover its $2.40 annual dividend with an expected future payout ratio of 139.5%.
Insperity Stock Up 0.8%
Shares of NSP traded up $0.42 during trading hours on Thursday, hitting $52.28. 344,916 shares of the company were exchanged, compared to its average volume of 931,653. The company has a debt-to-equity ratio of 6.87, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $2.00 billion, a PE ratio of -121.58 and a beta of 0.52. The firm’s 50 day moving average is $46.22 and its 200-day moving average is $35.21. Insperity has a 52 week low of $18.57 and a 52 week high of $57.22.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on NSP. Weiss Ratings raised shares of Insperity from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 15th. Robert W. Baird set a $56.00 price objective on shares of Insperity in a report on Friday, July 31st. Roth Capital set a $61.00 target price on shares of Insperity in a research note on Friday, July 31st. JPMorgan Chase & Co. dropped their target price on shares of Insperity from $35.00 to $33.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. Finally, Wall Street Zen raised shares of Insperity from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One 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 stock. According to data from MarketBeat.com, Insperity presently has an average rating of “Reduce” and a consensus price target of $53.33.
Read Our Latest Research Report on Insperity
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.
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