Insperity (NYSE:NSP) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Insperity (NYSE:NSP) from a buy rating to a hold rating in a report published on Monday.

NSP has been the topic of several other reports. William Blair downgraded shares of Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. Truist Financial reduced their price target on shares of Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. started coverage on Insperity in a research note on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price objective for the company. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, Insperity currently has an average rating of “Hold” and an average target price of $95.67.

Insperity Stock Up 1.4 %

Insperity stock opened at $76.25 on Monday. Insperity has a 12 month low of $74.32 and a 12 month high of $119.40. The stock has a market capitalization of $2.86 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.42 and a beta of 1.12. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The business has a 50 day simple moving average of $87.04 and a 200-day simple moving average of $93.75.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 dividend on an annualized basis and a yield of 3.15%. Insperity’s payout ratio is 76.19%.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of Insperity stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the transaction, the chief executive officer now owns 509,129 shares in the company, valued at approximately $46,956,967.67. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Insperity

A number of institutional investors have recently bought and sold shares of NSP. Entropy Technologies LP raised its position in shares of Insperity by 38.0% during the 3rd quarter. Entropy Technologies LP now owns 5,080 shares of the business services provider’s stock valued at $447,000 after buying an additional 1,400 shares during the period. Versor Investments LP acquired a new position in shares of Insperity in the 3rd quarter valued at $370,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Insperity by 10.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 21,183 shares of the business services provider’s stock worth $1,864,000 after purchasing an additional 1,987 shares during the period. Crossmark Global Holdings Inc. increased its position in shares of Insperity by 9.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock worth $222,000 after purchasing an additional 213 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Insperity by 21.7% in the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after buying an additional 206 shares during the period. 93.44% of the stock is owned by hedge funds and other institutional investors.

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.