Insperity (NYSE:NSP) Stock Price Down 3.1% – Here’s Why

Insperity, Inc. (NYSE:NSP)’s share price was down 3.1% during mid-day trading on Monday . The stock traded as low as $33.31 and last traded at $33.38. Approximately 28,548 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 570,585 shares. The stock had previously closed at $34.46.

Wall Street Analysts Forecast Growth

NSP has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on Insperity from $51.00 to $34.00 and set an “underweight” rating on the stock in a report on Tuesday, November 4th. Zacks Research downgraded Insperity from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Roth Capital reaffirmed a “buy” rating and set a $71.00 target price on shares of Insperity in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Insperity in a research report on Wednesday. Finally, Truist Financial reduced their price objective on shares of Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $46.67.

Insperity Price Performance

The stock has a 50-day moving average of $43.96 and a two-hundred day moving average of $53.83. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 32.01 and a beta of 0.52. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.29.

Insperity (NYSE:NSP) last announced its earnings results on Tuesday, November 4th. The business services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.42). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. Insperity had a return on equity of 35.32% and a net margin of 0.60%.The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Tuesday, December 9th. Insperity’s dividend payout ratio (DPR) is 521.74%.

Insider Buying and Selling at Insperity

In other Insperity news, Director Randall Mehl bought 2,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were bought at an average price of $34.25 per share, for a total transaction of $68,500.00. Following the acquisition, the director directly owned 24,707 shares of the company’s stock, valued at approximately $846,214.75. This trade represents a 8.81% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Paul J. Sarvadi sold 10,850 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $51.98, for a total transaction of $563,983.00. Following the sale, the chief executive officer owned 428,001 shares of the company’s stock, valued at approximately $22,247,491.98. This represents a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Insperity

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised 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 acquiring an additional 181 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Insperity by 32.2% during the 1st 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 in the last quarter. Arizona State Retirement System lifted its holdings in shares of Insperity by 2.5% during the 3rd quarter. Arizona State Retirement System now owns 10,577 shares of the business services provider’s stock valued at $520,000 after buying an additional 255 shares during the last quarter. Assetmark Inc. grew its stake in shares of Insperity by 13.6% in the 1st quarter. Assetmark Inc. now owns 2,308 shares of the business services provider’s stock valued at $206,000 after buying an additional 276 shares in the last quarter. Finally, LRI Investments LLC raised its position in Insperity by 134.0% during the third quarter. LRI Investments LLC now owns 606 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 347 shares in the last quarter. 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.