Insperity (NYSE:NSP) Shares Gap Up – What’s Next?

Insperity, Inc. (NYSE:NSP) gapped up prior to trading on Monday . The stock had previously closed at $69.60, but opened at $73.26. Insperity shares last traded at $78.60, with a volume of 114,808 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. assumed coverage on Insperity in a research report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective on the stock. Finally, Truist Financial lowered their price objective on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $95.67.

Insperity Trading Up 5.7 %

The company has a 50 day moving average of $77.98 and a 200 day moving average of $83.67. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 27.13 and a beta of 1.13.

Insperity Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 2.81%. The ex-dividend date was Tuesday, December 10th. Insperity’s dividend payout ratio is currently 76.19%.

Institutional Trading of Insperity

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Insperity by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider’s stock worth $310,686,000 after acquiring an additional 167,560 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Insperity by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,332,056 shares of the business services provider’s stock worth $103,248,000 after purchasing an additional 71,288 shares during the period. State Street Corp grew its holdings in shares of Insperity by 0.9% during the 3rd quarter. State Street Corp now owns 1,287,058 shares of the business services provider’s stock worth $113,261,000 after purchasing an additional 11,123 shares during the period. Reinhart Partners LLC. grew its holdings in shares of Insperity by 8.3% during the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after purchasing an additional 89,809 shares during the period. Finally, Geode Capital Management LLC grew its holdings 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 worth $85,254,000 after purchasing an additional 138,837 shares during the period. 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.