Insperity (NYSE:NSP) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Insperity (NYSE:NSP) from a hold rating to a strong sell rating in a research note published on Tuesday morning,Zacks.com reports.

NSP has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Insperity in a research note on Monday, December 29th. Roth Mkm set a $62.00 target price on shares of Insperity in a report on Monday, January 5th. The Goldman Sachs Group set a $62.00 price target on shares of Insperity in a report on Monday, January 5th. Wall Street Zen lowered Insperity from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Truist Financial decreased their price objective on Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $48.25.

Insperity Price Performance

Shares of Insperity stock opened at $40.35 on Tuesday. The firm has a market cap of $1.52 billion, a PE ratio of 87.71 and a beta of 0.47. The stock has a 50 day moving average of $40.64 and a 200 day moving average of $45.48. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 4.24. Insperity has a 12 month low of $31.00 and a 12 month high of $95.98.

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

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were paid a $0.60 dividend. The ex-dividend date was Tuesday, December 9th. This represents a $2.40 dividend on an annualized basis and a yield of 5.9%. Insperity’s dividend payout ratio (DPR) is presently 521.74%.

Institutional Trading of Insperity

A number of large investors have recently made changes to their positions in NSP. Norges Bank bought a new stake in Insperity during the 2nd quarter valued at about $26,960,000. Reinhart Partners LLC. increased its position in shares of Insperity by 23.2% during the third quarter. Reinhart Partners LLC. now owns 2,202,326 shares of the business services provider’s stock worth $108,355,000 after acquiring an additional 415,373 shares during the period. Two Sigma Investments LP raised its stake in shares of Insperity by 601.2% during the third quarter. Two Sigma Investments LP now owns 470,820 shares of the business services provider’s stock valued at $23,164,000 after acquiring an additional 403,679 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Insperity by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 4,051,372 shares of the business services provider’s stock valued at $156,869,000 after acquiring an additional 274,198 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Insperity by 39.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 860,020 shares of the business services provider’s stock valued at $42,313,000 after purchasing an additional 244,350 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

About Insperity

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.