Insperity, Inc. (NYSE:NSP) Given Average Recommendation of “Reduce” by Analysts

Insperity, Inc. (NYSE:NSP) has been given an average rating of “Reduce” by the four research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $95.67.

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

Insperity Price Performance

NSP opened at $76.78 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 24.37 and a beta of 1.14. The stock has a fifty day simple moving average of $77.97 and a two-hundred day simple moving average of $85.74. Insperity has a 12-month low of $71.69 and a 12-month high of $117.48.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a $0.60 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 3.13%. Insperity’s payout ratio is 76.19%.

Institutional Investors Weigh In On Insperity

Several institutional investors and hedge funds have recently added to or reduced their stakes in NSP. The Manufacturers Life Insurance Company lifted its holdings in shares of Insperity by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider’s stock valued at $3,929,000 after buying an additional 150 shares during the period. Covestor Ltd grew its stake in shares of Insperity by 21.7% during the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 206 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Insperity by 9.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 213 shares during the last quarter. KBC Group NV boosted its stake in shares of Insperity by 26.4% during the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after acquiring an additional 216 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Insperity by 45.9% during the fourth quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.