Insperity (NYSE:NSP) Trading Down 6.7% – Time to Sell?

Insperity, Inc. (NYSE:NSP)’s stock price dropped 6.7% on Wednesday . The company traded as low as $41.16 and last traded at $41.3810. Approximately 462,029 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 1,052,824 shares. The stock had previously closed at $44.35.

Wall Street Analysts Forecast Growth

NSP has been the topic of a number of recent analyst reports. Truist Financial cut their price objective on Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, November 4th. Roth Mkm set a $62.00 price objective on shares of Insperity in a report on Monday, January 5th. Zacks Research upgraded shares of Insperity from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. JPMorgan Chase & Co. lowered their price target on Insperity from $51.00 to $34.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group set a $62.00 price objective on Insperity in a research report on Monday, January 5th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $48.25.

Insperity Stock Up 4.5%

The firm has a 50 day moving average of $40.16 and a 200-day moving average of $45.93. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $1.61 billion, a P/E ratio of 92.81 and a beta of 0.47.

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

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $2.40 dividend on an annualized basis and a yield of 5.6%. Insperity’s payout ratio is presently 521.74%.

Insider Transactions at Insperity

In related news, Director Randall Mehl acquired 2,000 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were bought at an average cost of $34.25 per share, with a total value of $68,500.00. Following the completion of the acquisition, the director owned 24,707 shares of the company’s stock, valued at $846,214.75. This trade represents a 8.81% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System increased its holdings in Insperity by 2.2% during the 4th quarter. New York State Teachers Retirement System now owns 40,692 shares of the business services provider’s stock valued at $1,576,000 after purchasing an additional 887 shares in the last quarter. ARGA Investment Management LP acquired a new stake in shares of Insperity in the fourth quarter valued at $1,559,000. M&T Bank Corp acquired a new position in Insperity during the 4th quarter worth about $230,000. Comerica Bank grew its holdings in Insperity by 49.8% during the 4th quarter. Comerica Bank now owns 29,350 shares of the business services provider’s stock worth $1,136,000 after acquiring an additional 9,757 shares during the last quarter. Finally, Inscription Capital LLC bought a new stake in Insperity during the 4th quarter worth about $342,000. 93.44% of the stock is owned by institutional investors and hedge funds.

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.