Insperity, Inc. (NYSE:NSP) Given Average Rating of “Reduce” by Brokerages

Shares of Insperity, Inc. (NYSE:NSP) have been assigned an average recommendation of “Reduce” from the four ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $95.67.

A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. William Blair downgraded shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price target on the stock. Finally, Truist Financial cut their price objective on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 1st.

Insperity Price Performance

Shares of NSP opened at $78.85 on Tuesday. The stock has a 50 day simple moving average of $82.14 and a 200 day simple moving average of $90.09. 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 has a 52-week low of $71.69 and a 52-week high of $119.40. The firm has a market capitalization of $2.95 billion, a PE ratio of 25.03, a P/E/G ratio of 2.20 and a beta of 1.12.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Tuesday, December 10th. Insperity’s dividend payout ratio is currently 76.19%.

Hedge Funds Weigh In On Insperity

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co increased its position in shares of Insperity by 0.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 31,168 shares of the business services provider’s stock worth $3,418,000 after purchasing an additional 215 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Insperity in the 1st quarter valued at approximately $207,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Insperity during the 1st quarter worth approximately $201,000. LRI Investments LLC acquired a new stake in shares of Insperity during the 1st quarter worth approximately $214,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Insperity by 14.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,033 shares of the business services provider’s stock worth $312,000 after acquiring an additional 392 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Insperity Company Profile

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.