Insperity (NYSE:NSP) Price Target Lowered to $74.00 at Roth Capital

Insperity (NYSE:NSP) had its target price decreased by Roth Capital from $85.00 to $74.00 in a report released on Monday,Benzinga reports. Roth Capital currently has a buy rating on the business services provider’s stock.

NSP has been the subject of several other research reports. Wall Street Zen lowered Insperity from a “buy” rating to a “hold” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on Insperity from $68.00 to $51.00 and set an “underweight” rating for the company in a research report on Monday. Finally, Truist Financial decreased their target price on Insperity from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Monday. One equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $58.33.

Insperity Price Performance

Shares of NYSE NSP opened at $48.20 on Monday. Insperity has a fifty-two week low of $44.14 and a fifty-two week high of $95.98. The business has a 50 day moving average price of $60.53 and a two-hundred day moving average price of $73.40. The company has a quick ratio of 1.13, a current ratio of 1.12 and a debt-to-equity ratio of 3.29. The firm has a market cap of $1.81 billion, a PE ratio of 45.48 and a beta of 0.47.

Insperity (NYSE:NSP) last issued 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 net margin of 0.60% and a return on equity of 35.32%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the business earned $0.86 EPS. Insperity’s revenue for the quarter was up 3.3% compared to the same quarter last year. Sell-side analysts expect that Insperity will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama boosted its position in Insperity by 1.5% during the 2nd quarter. Retirement Systems of Alabama now owns 43,690 shares of the business services provider’s stock valued at $2,627,000 after purchasing an additional 642 shares during the period. Teacher Retirement System of Texas boosted its position in Insperity by 30.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 90,441 shares of the business services provider’s stock valued at $5,437,000 after purchasing an additional 21,027 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Insperity during the 2nd quarter valued at approximately $589,000. Oppenheimer Asset Management Inc. boosted its position in Insperity by 6.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 32,804 shares of the business services provider’s stock valued at $1,972,000 after purchasing an additional 2,092 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in Insperity by 24.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 28,199 shares of the business services provider’s stock valued at $1,695,000 after purchasing an additional 5,581 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.