Insperity (NYSE:NSP) Reaches New 1-Year Low – Here’s What Happened

Insperity, Inc. (NYSE:NSP)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $71.16 and last traded at $70.79, with a volume of 219413 shares changing hands. The stock had previously closed at $74.27.

Analysts Set New Price Targets

A number of brokerages recently commented on NSP. Truist Financial decreased their target price on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. initiated coverage on shares of Insperity in a research note on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price on the stock. Finally, StockNews.com downgraded shares of Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $95.67.

Insperity Stock Performance

The stock has a market capitalization of $2.67 billion, a PE ratio of 22.66 and a beta of 1.13. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. The firm’s fifty day moving average price is $78.32 and its two-hundred day moving average price is $84.34.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity’s dividend payout ratio is presently 76.19%.

Institutional Investors Weigh In On Insperity

A number of large investors have recently modified their holdings of NSP. Jones Financial Companies Lllp increased its stake in Insperity by 493.2% during the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after acquiring an additional 291 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Insperity in the third quarter worth approximately $32,000. Millburn Ridgefield Corp purchased a new position in Insperity in the third quarter valued at $53,000. UMB Bank n.a. raised its position in shares of Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock worth $66,000 after acquiring an additional 267 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Insperity by 26.4% during the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after buying an additional 216 shares during the last quarter. Hedge funds and other 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.