Insperity, Inc. (NSP) to Issue Quarterly Dividend of $0.30 on September 22nd
Insperity, Inc. (NYSE:NSP) announced a quarterly dividend on Thursday, August 24th, NASDAQ reports. Investors of record on Friday, September 8th will be given a dividend of 0.30 per share by the business services provider on Friday, September 22nd. This represents a $1.20 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, September 7th.
Insperity has increased its dividend by an average of 12.6% annually over the last three years and has increased its dividend every year for the last 5 years. Insperity has a payout ratio of 30.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Insperity to earn $4.55 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 26.4%.
Shares of Insperity (NYSE NSP) opened at 81.60 on Friday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 23.63 and a beta of 0.77. The company’s 50-day moving average is $78.99 and its 200 day moving average is $81.13. Insperity has a 1-year low of $64.55 and a 1-year high of $93.65.
Insperity (NYSE:NSP) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. The business had revenue of $795.50 million for the quarter, compared to the consensus estimate of $778.88 million. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. Equities analysts anticipate that Insperity will post $4.55 EPS for the current year.
In other news, President Richard G. Rawson sold 51,000 shares of Insperity stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $84.94, for a total value of $4,331,940.00. Following the transaction, the president now owns 128,868 shares of the company’s stock, valued at approximately $10,946,047.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Paul J. Sarvadi sold 5,742 shares of Insperity stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $84.05, for a total transaction of $482,615.10. Following the completion of the transaction, the chairman now directly owns 252,248 shares in the company, valued at approximately $21,201,444.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,310 shares of company stock worth $8,928,263. Insiders own 27.47% of the company’s stock.
A number of research firms have commented on NSP. BidaskClub downgraded shares of Insperity from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 29th. Zacks Investment Research downgraded shares of Insperity from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $94.00.
Insperity Company Profile
Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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