Insperity, Inc. (NYSE:NSP) Short Interest Update

Insperity, Inc. (NYSE:NSP) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,750,000 shares, an increase of 25.9% from the November 30th total of 1,390,000 shares. Based on an average trading volume of 382,500 shares, the short-interest ratio is currently 4.6 days. Approximately 4.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NSP shares. William Blair downgraded Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. StockNews.com cut shares of Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. initiated coverage on shares of 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 target price on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, Insperity presently has an average rating of “Hold” and a consensus price target of $95.67.

Institutional Investors Weigh In On Insperity

Several hedge funds have recently added to or reduced their stakes in NSP. JPMorgan Chase & Co. raised its position in shares of Insperity by 16.5% during the third quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider’s stock worth $13,259,000 after acquiring an additional 21,325 shares during the last quarter. Franklin Resources Inc. grew its holdings in Insperity by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 20,821 shares of the business services provider’s stock worth $1,844,000 after acquiring an additional 909 shares during the period. Tidal Investments LLC raised its position in shares of Insperity by 84.3% in the 3rd quarter. Tidal Investments LLC now owns 7,385 shares of the business services provider’s stock worth $650,000 after acquiring an additional 3,377 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Insperity in the 3rd quarter valued at about $32,000. Finally, Geode Capital Management LLC boosted its position in shares of Insperity by 16.7% during the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock valued at $85,254,000 after purchasing an additional 138,837 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insperity Price Performance

Shares of NYSE:NSP traded up $0.23 during trading on Tuesday, hitting $77.60. 137,671 shares of the company were exchanged, compared to its average volume of 297,539. Insperity has a 1-year low of $71.69 and a 1-year high of $119.02. The business’s 50 day moving average is $79.09 and its 200-day moving average is $87.28. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $2.90 billion, a P/E ratio of 24.63 and a beta of 1.15.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Tuesday, December 10th. Insperity’s dividend payout ratio (DPR) is currently 76.19%.

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.