Insperity (NYSE:NSP) Price Target Cut to $50.00 by Analysts at Truist Financial

Insperity (NYSE:NSP) had its price target decreased by Truist Financial from $70.00 to $50.00 in a report issued on Monday,Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

Separately, Wall Street Zen cut shares of Insperity from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Insperity currently has an average rating of “Hold” and an average target price of $58.33.

Insperity Stock Performance

NSP opened at $48.20 on Monday. The firm has a market capitalization of $1.81 billion, a PE ratio of 45.48 and a beta of 0.47. Insperity has a 12-month low of $44.14 and a 12-month high of $95.98. The firm has a 50 day moving average of $60.53 and a two-hundred day moving average of $73.40. 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 (NYSE:NSP) last issued its quarterly earnings data on Friday, August 1st. The business services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.15). The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Insperity had a return on equity of 35.32% and a net margin of 0.60%. Insperity’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 EPS. On average, analysts anticipate that Insperity will post 2.33 EPS for the current year.

Insperity Announces Dividend

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

Institutional Investors Weigh In On Insperity

Institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its stake in Insperity by 279.1% in the 1st quarter. Private Trust Co. NA now owns 326 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 240 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Insperity in the 1st quarter valued at $33,000. DekaBank Deutsche Girozentrale acquired a new stake in Insperity in the 1st quarter valued at $42,000. First Horizon Advisors Inc. grew its stake in Insperity by 56.0% in the 1st quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 253 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in Insperity by 32.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 182 shares during the period. Institutional investors and hedge funds 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.