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

Shares of Insperity, Inc. (NYSE:NSP) have been assigned a consensus rating of “Reduce” from the four brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $95.67.

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

Insperity Stock Performance

Shares of NYSE NSP opened at $76.78 on Wednesday. The company has a market cap of $2.87 billion, a P/E ratio of 24.37 and a beta of 1.14. Insperity has a 52-week low of $71.69 and a 52-week high of $117.48. 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 firm’s fifty day moving average is $77.97 and its two-hundred day moving average is $85.74.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders 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 dividend yield of 3.13%. Insperity’s dividend payout ratio (DPR) is presently 76.19%.

Institutional Trading of Insperity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NSP. Massachusetts Financial Services Co. MA boosted its stake in shares of Insperity by 32.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock valued at $77,645,000 after purchasing an additional 215,206 shares during the period. Geode Capital Management LLC raised its stake in shares of Insperity by 16.7% during the third quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock valued at $85,254,000 after acquiring an additional 138,837 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Insperity in the third quarter valued at approximately $8,690,000. Reinhart Partners LLC. grew its stake in Insperity by 8.3% in the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after purchasing an additional 89,809 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Insperity during the 2nd quarter worth $5,536,000. 93.44% of the stock is owned by hedge funds and other 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.