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

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

Wall Street Analyst Weigh In

NSP has been the subject of several research reports. 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 report on Friday, November 1st. StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. assumed 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. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, Insperity has a consensus rating of “Hold” and a consensus price target of $95.67.

Insperity Stock Down 2.7 %

The business’s 50 day moving average is $77.99 and its 200 day moving average is $84.03. 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 cap of $2.60 billion, a P/E ratio of 22.06 and a beta of 1.13.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Tuesday, December 10th. Insperity’s dividend payout ratio (DPR) is currently 76.19%.

Hedge Funds Weigh In On Insperity

A number of large investors have recently added to or reduced their stakes in NSP. Jones Financial Companies Lllp grew its position in shares of Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after buying an additional 291 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Insperity in the third quarter worth $32,000. Millburn Ridgefield Corp acquired a new position in shares of Insperity during the third quarter worth $53,000. UMB Bank n.a. lifted its holdings 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 valued at $66,000 after purchasing an additional 267 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Insperity by 26.4% in 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. 93.44% of the stock is currently owned by institutional investors.

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.