Insperity (NYSE:NSP) Trading Up 4.1% – What’s Next?

Insperity, Inc. (NYSE:NSP)’s share price shot up 4.1% during mid-day trading on Friday . The stock traded as high as $42.29 and last traded at $42.55. 33,629 shares traded hands during trading, a decline of 97% from the average session volume of 1,039,532 shares. The stock had previously closed at $40.86.

Analyst Upgrades and Downgrades

NSP has been the subject of a number of research reports. Wall Street Zen downgraded shares of Insperity from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Insperity in a research note on Monday, December 29th. Truist Financial decreased their target price on Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. Zacks Research raised Insperity from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Finally, Roth Mkm set a $62.00 price target on Insperity in a research note on Monday, January 5th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $48.25.

Insperity Trading Up 4.5%

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 4.24. The firm has a market capitalization of $1.61 billion, a P/E ratio of 92.81 and a beta of 0.47. The firm’s 50-day simple moving average is $40.16 and its 200-day simple moving average is $45.85.

Insperity (NYSE:NSP) last released its earnings results on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.42). Insperity had a return on equity of 12.53% and a net margin of 0.25%.The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the firm earned $0.39 EPS. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, December 9th. This represents a $2.40 annualized dividend and a dividend yield of 5.6%. Insperity’s payout ratio is currently 521.74%.

Insider Buying and Selling at Insperity

In other Insperity news, Director Randall Mehl acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $33.88 per share, with a total value of $33,880.00. Following the completion of the purchase, the director directly owned 25,707 shares of the company’s stock, valued at approximately $870,953.16. The trade was a 4.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Insperity by 49.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 548 shares of the business services provider’s stock valued at $33,000 after buying an additional 181 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Insperity by 32.2% in the first 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. Arizona State Retirement System boosted its position in Insperity by 2.5% in the third quarter. Arizona State Retirement System now owns 10,577 shares of the business services provider’s stock worth $520,000 after purchasing an additional 255 shares during the last quarter. LRI Investments LLC grew its stake in shares of Insperity by 134.0% during the 3rd quarter. LRI Investments LLC now owns 606 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 347 shares during the period. Finally, NorthCrest Asset Manangement LLC grew its stake in shares of Insperity by 4.2% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 8,911 shares of the business services provider’s stock valued at $377,000 after purchasing an additional 363 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Company Profile

Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.

The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.