Insperity (NYSE:NSP) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Insperity (NYSE:NSP) from a hold rating to a strong sell rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on NSP. Roth Mkm set a $62.00 target price on shares of Insperity in a report on Monday, January 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Insperity in a research report on Monday, December 29th. Truist Financial dropped their price target on Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, November 4th. Wall Street Zen downgraded shares of Insperity from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, JPMorgan Chase & Co. reduced their target price on Insperity from $51.00 to $34.00 and set an “underweight” rating on the stock in a report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $48.25.

Insperity Price Performance

Shares of NYSE:NSP opened at $40.82 on Tuesday. The business has a 50-day moving average of $40.54 and a two-hundred day moving average of $45.52. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.12 and a quick ratio of 1.12. Insperity has a fifty-two week low of $31.00 and a fifty-two week high of $95.98. The stock has a market capitalization of $1.54 billion, a P/E ratio of 88.74 and a beta of 0.47.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.42). The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. Insperity had a return on equity of 12.53% and a net margin of 0.25%.The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. On average, equities research analysts predict that Insperity will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $2.40 annualized dividend and a yield of 5.9%. Insperity’s dividend payout ratio (DPR) is presently 521.74%.

Insiders Place Their Bets

In other news, Director Randall Mehl bought 1,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $33.88 per share, with a total value of $33,880.00. Following the transaction, the director directly owned 25,707 shares in the company, valued at $870,953.16. This represents a 4.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.29% of the company’s stock.

Hedge Funds Weigh In On Insperity

A number of large investors have recently made changes to their positions in NSP. Allworth Financial LP raised its position in shares of Insperity by 845.3% in the fourth quarter. Allworth Financial LP now owns 1,106 shares of the business services provider’s stock worth $43,000 after buying an additional 989 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Insperity by 13.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,200 shares of the business services provider’s stock valued at $318,000 after purchasing an additional 989 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Insperity by 68.5% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 14,150 shares of the business services provider’s stock valued at $548,000 after buying an additional 5,750 shares during the last quarter. Versor Investments LP bought a new position in Insperity during the 4th quarter worth approximately $414,000. Finally, LRI Investments LLC grew its holdings in shares of Insperity by 359.7% in the fourth quarter. LRI Investments LLC now owns 2,786 shares of the business services provider’s stock worth $108,000 after purchasing an additional 2,180 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insperity Company Profile

Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.

The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.