Insperity, Inc. (NYSE:NSP – Get Free Report) declared a quarterly dividend on Wednesday, August 19th. Investors of record on Wednesday, September 2nd will be given a dividend of 0.60 per share by the business services provider on Thursday, September 17th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, September 2nd.
Insperity has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Insperity has a payout ratio of 65.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Insperity to earn $1.72 per share next year, which means the company may not be able to cover its $2.40 annual dividend with an expected future payout ratio of 139.5%.
Insperity Stock Down 0.2%
NSP opened at $53.43 on Monday. The company has a debt-to-equity ratio of 6.87, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -124.26 and a beta of 0.52. Insperity has a one year low of $18.57 and a one year high of $57.22. The business’s fifty day moving average is $48.45 and its two-hundred day moving average is $35.80.
Insider Buying and Selling
In related news, CEO Paul J. Sarvadi bought 233,000 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of $34.05 per share, with a total value of $7,933,650.00. Following the completion of the acquisition, the chief executive officer owned 1,105,912 shares of the company’s stock, valued at $37,656,303.60. This trade represents a 26.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.77% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Insperity
Large investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP grew its stake in shares of Insperity by 43.2% in the first quarter. Quantinno Capital Management LP now owns 68,101 shares of the business services provider’s stock worth $1,841,000 after purchasing an additional 20,535 shares in the last quarter. Reinhart Partners LLC. raised its stake in shares of Insperity by 12.1% during the second quarter. Reinhart Partners LLC. now owns 3,304,074 shares of the business services provider’s stock valued at $136,492,000 after purchasing an additional 356,365 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Insperity by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 4,051,372 shares of the business services provider’s stock worth $156,869,000 after purchasing an additional 274,198 shares during the period. Royce & Associates LP grew its position in Insperity by 50.2% in the 4th quarter. Royce & Associates LP now owns 792,834 shares of the business services provider’s stock valued at $30,699,000 after buying an additional 265,041 shares in the last quarter. Finally, Western Standard LLC bought a new position in Insperity in the 4th quarter valued at about $8,348,000. 93.44% of the stock is owned by institutional investors and hedge funds.
About Insperity
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.
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