Insperity (NYSE:NSP) Shares Down 5.2% – What’s Next?

Insperity, Inc. (NYSE:NSP)’s share price fell 5.2% during mid-day trading on Monday . The stock traded as low as $79.07 and last traded at $79.07. 201,229 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 289,381 shares. The stock had previously closed at $83.37.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NSP. Truist Financial cut their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. initiated coverage on Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, Insperity currently has an average rating of “Hold” and an average target price of $95.67.

Insperity Stock Down 5.7 %

The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 26.47 and a beta of 1.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The firm has a 50 day moving average price of $81.31 and a two-hundred day moving average price of $88.65.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 3.05%. Insperity’s dividend payout ratio is presently 76.19%.

Institutional Trading of Insperity

Hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its holdings in Insperity by 32.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider’s stock valued at $77,645,000 after acquiring an additional 215,206 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in shares of Insperity by 4.0% in the 2nd quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider’s stock worth $473,247,000 after buying an additional 197,309 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Insperity by 16.7% in the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock valued at $85,254,000 after buying an additional 138,837 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Insperity during the 3rd quarter valued at about $8,690,000. Finally, Reinhart Partners LLC. raised its stake in Insperity by 6.7% during the third quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider’s stock worth $95,219,000 after acquiring an additional 68,160 shares during the period. Institutional investors and hedge funds 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.