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

Insperity, Inc. (NYSE:NSP) has earned an average rating of “Reduce” from the four research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $95.67.

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

Insperity Price Performance

Shares of Insperity stock opened at $76.31 on Friday. The stock has a 50 day moving average of $86.71 and a 200 day moving average of $93.52. Insperity has a 12 month low of $74.32 and a 12 month high of $119.40. The firm has a market cap of $2.86 billion, a PE ratio of 24.23, a PEG ratio of 1.42 and a beta of 1.12. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity’s payout ratio is 76.19%.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the completion of the sale, the chief executive officer now directly owns 509,129 shares of the company’s stock, valued at approximately $46,956,967.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Insperity

A number of institutional investors and hedge funds have recently modified their holdings of NSP. nVerses Capital LLC purchased a new position in Insperity during the 2nd quarter worth $64,000. EntryPoint Capital LLC increased its holdings in Insperity by 164.3% during the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock worth $94,000 after purchasing an additional 534 shares during the period. Quarry LP increased its holdings in Insperity by 205.6% during the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after purchasing an additional 732 shares during the period. Covestor Ltd increased its holdings in Insperity by 21.7% during the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after purchasing an additional 206 shares during the period. Finally, Accordant Advisory Group Inc purchased a new position in Insperity during the 2nd quarter worth $109,000. 93.44% of the stock is owned by institutional investors.

Insperity Company Profile

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.