Insperity, Inc. (NYSE:NSP) Receives $95.67 Average Price Target from Analysts

Shares of Insperity, Inc. (NYSE:NSP) have received a consensus rating of “Reduce” from the four ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $95.67.

NSP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. assumed coverage on Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price target for the company. StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Truist Financial cut their price target on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, William Blair downgraded shares of Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Institutional Investors Weigh In On Insperity

Large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Insperity by 4.6% during the third quarter. Franklin Resources Inc. now owns 20,821 shares of the business services provider’s stock valued at $1,844,000 after purchasing an additional 909 shares during the last quarter. Tidal Investments LLC raised its position in shares of Insperity by 84.3% in the third quarter. Tidal Investments LLC now owns 7,385 shares of the business services provider’s stock valued at $650,000 after purchasing an additional 3,377 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Insperity during the 3rd quarter valued at approximately $32,000. Geode Capital Management LLC boosted its holdings in Insperity by 16.7% in the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock worth $85,254,000 after buying an additional 138,837 shares during the period. Finally, Barclays PLC grew its stake in Insperity by 129.7% in the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock valued at $7,269,000 after buying an additional 46,625 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Trading Up 1.0 %

Shares of NSP stock opened at $76.43 on Friday. Insperity has a 52-week low of $71.69 and a 52-week high of $119.02. The company has a 50-day simple moving average of $79.97 and a two-hundred day simple moving average of $87.75. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 24.26 and a beta of 1.15.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.14%. Insperity’s dividend payout ratio is presently 76.19%.

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.