Insperity (NYSE:NSP) Given New $51.00 Price Target at JPMorgan Chase & Co.

Insperity (NYSE:NSP) had its price target decreased by JPMorgan Chase & Co. from $68.00 to $51.00 in a research report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the business services provider’s stock.

Other equities research analysts also recently issued reports about the company. Wall Street Zen downgraded Insperity from a “buy” rating to a “hold” rating in a report on Wednesday, April 30th. Truist Financial decreased their price objective on Insperity from $70.00 to $50.00 and set a “hold” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $58.33.

Insperity Stock Up 7.0%

NSP stock opened at $48.20 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 3.29. Insperity has a twelve month low of $44.14 and a twelve month high of $95.98. The company’s 50 day moving average is $60.53 and its two-hundred day moving average is $73.40. The stock has a market cap of $1.81 billion, a P/E ratio of 45.48 and a beta of 0.47.

Insperity (NYSE:NSP) last released its quarterly earnings data on Friday, August 1st. The business services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.15). Insperity had a return on equity of 35.32% and a net margin of 0.60%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the business posted $0.86 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts expect that Insperity will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, June 6th. Insperity’s dividend payout ratio is presently 142.86%.

Institutional Investors Weigh In On Insperity

Several large investors have recently modified their holdings of the stock. Covestor Ltd lifted its holdings in shares of Insperity by 12.6% during the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock worth $101,000 after purchasing an additional 146 shares during the period. Beverly Hills Private Wealth LLC lifted its holdings in shares of Insperity by 4.6% during the first quarter. Beverly Hills Private Wealth LLC now owns 3,538 shares of the business services provider’s stock worth $316,000 after purchasing an additional 155 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Insperity by 49.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 548 shares of the business services provider’s stock worth $33,000 after purchasing an additional 181 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Insperity by 32.2% during the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock worth $67,000 after purchasing an additional 182 shares during the period. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of Insperity by 6.0% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider’s stock worth $255,000 after purchasing an additional 186 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.