Brokerages Set Insperity, Inc. (NYSE:NSP) Target Price at $95.67

Shares of Insperity, Inc. (NYSE:NSP) have been assigned an average rating of “Reduce” from the four analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $95.67.

NSP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. assumed coverage on Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective on the stock. William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. Truist Financial lowered their price objective on shares of Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, StockNews.com lowered shares of Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

Institutional Trading of Insperity

Hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Insperity during the third quarter valued at about $32,000. Millburn Ridgefield Corp bought a new position in Insperity in the 3rd quarter valued at about $53,000. UMB Bank n.a. boosted its stake in Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 267 shares during the last quarter. KBC Group NV increased its holdings in 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 purchasing an additional 216 shares in the last quarter. Finally, Quarry LP raised its stake in shares of Insperity by 205.6% in the second quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after purchasing an additional 732 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Price Performance

NSP stock opened at $80.51 on Wednesday. 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 firm has a market cap of $3.01 billion, a price-to-earnings ratio of 25.56 and a beta of 1.14. The company’s fifty day simple moving average is $77.90 and its 200 day simple moving average is $85.64. Insperity has a 12-month low of $71.69 and a 12-month high of $117.48.

Insperity Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.98%. Insperity’s dividend payout ratio is 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.