Insperity (NYSE:NSP) Stock Price Up 5.5% – Time to Buy?

Insperity, Inc. (NYSE:NSP) shares rose 5.5% on Monday . The stock traded as high as $46.34 and last traded at $46.55. Approximately 433,177 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 527,249 shares. The stock had previously closed at $44.12.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NSP. Wall Street Zen upgraded shares of Insperity from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Roth Capital decreased their price objective on Insperity from $85.00 to $74.00 and set a “buy” rating for the company in a research note on Monday, August 4th. Truist Financial cut their target price on Insperity from $70.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, August 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Insperity in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Insperity from $68.00 to $51.00 and set an “underweight” rating on the stock in a research report on Monday, August 4th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Insperity has an average rating of “Reduce” and an average price target of $58.33.

Insperity Price Performance

The firm has a market capitalization of $1.67 billion, a PE ratio of 41.93 and a beta of 0.46. The firm’s fifty day moving average price is $49.91 and its 200 day moving average price is $57.87. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.29.

Insperity (NYSE:NSP) last posted its earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.15). Insperity had a net margin of 0.60% and a return on equity of 35.32%. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 5.4%. Insperity’s dividend payout ratio is currently 226.42%.

Insider Buying and Selling

In other Insperity news, CEO Paul J. Sarvadi sold 10,850 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $51.98, for a total transaction of $563,983.00. Following the transaction, the chief executive officer owned 428,001 shares of the company’s stock, valued at approximately $22,247,491.98. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Latha Ramchand acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average price of $50.64 per share, with a total value of $50,640.00. Following the completion of the transaction, the director directly owned 15,120 shares of the company’s stock, valued at $765,676.80. This trade represents a 7.08% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 5.29% of the company’s stock.

Institutional Trading of Insperity

A number of large investors have recently modified their holdings of NSP. Private Trust Co. NA grew its position in shares of Insperity by 279.1% during the first quarter. Private Trust Co. NA now owns 326 shares of the business services provider’s stock worth $29,000 after buying an additional 240 shares in the last quarter. LRI Investments LLC grew its stake in shares of Insperity by 134.0% during the 3rd quarter. LRI Investments LLC now owns 606 shares of the business services provider’s stock worth $30,000 after purchasing an additional 347 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Insperity during the first quarter worth $33,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Insperity in the first quarter valued at approximately $42,000. Finally, Bayforest Capital Ltd purchased a new position in shares of Insperity during the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.