StockNews.com Downgrades Insperity (NYSE:NSP) to Hold

StockNews.com downgraded shares of Insperity (NYSE:NSP) from a buy rating to a hold rating in a research note released on Monday.

A number of other research firms also recently issued reports on NSP. Truist Financial decreased their target price on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. started coverage on Insperity in a report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective for the company. Finally, William Blair lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $95.67.

Insperity Price Performance

Shares of NYSE:NSP opened at $80.71 on Monday. Insperity has a fifty-two week low of $74.32 and a fifty-two week high of $119.40. The company’s 50-day moving average is $86.28 and its 200 day moving average is $93.36. The company has a market capitalization of $3.02 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 annualized dividend and a dividend yield of 2.97%. Insperity’s payout ratio is currently 76.19%.

Institutional Trading of Insperity

A number of large investors have recently modified their holdings of NSP. Empowered Funds LLC bought a new stake in Insperity during the first quarter worth about $1,956,000. ProShare Advisors LLC increased its position in Insperity by 10.5% during the 1st quarter. ProShare Advisors LLC now owns 80,514 shares of the business services provider’s stock valued at $8,825,000 after purchasing an additional 7,626 shares during the period. Vanguard Group Inc. raised its holdings in Insperity by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock worth $428,696,000 after purchasing an additional 182,773 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Insperity by 2,277.8% in the 1st quarter. Quantbot Technologies LP now owns 15,765 shares of the business services provider’s stock worth $1,728,000 after purchasing an additional 15,102 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Insperity by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 422,163 shares of the business services provider’s stock worth $38,505,000 after purchasing an additional 14,095 shares during the period. Institutional investors 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.