Insperity (NYSE:NSP) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Insperity (NYSE:NSP) from a hold rating to a buy rating in a report issued on Wednesday morning.

Several other research analysts have also commented on NSP. Truist Financial cut their price objective on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. started coverage on shares of Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $95.67.

Insperity Price Performance

NYSE:NSP opened at $87.58 on Wednesday. Insperity has a 52-week low of $68.79 and a 52-week high of $110.72. The stock has a fifty day moving average of $78.20 and a 200 day moving average of $83.59. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 27.80 and a beta of 1.13.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Tuesday, December 10th. Insperity’s payout ratio is currently 99.59%.

Insiders Place Their Bets

In other Insperity news, Director Ellen H. Masterson bought 1,755 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of $85.75 per share, for a total transaction of $150,491.25. Following the acquisition, the director now owns 16,612 shares in the company, valued at approximately $1,424,479. This represents a 11.81 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Paul J. Sarvadi sold 25,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the completion of the sale, the chief executive officer now directly owns 436,584 shares in the company, valued at $36,812,762.88. This represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.

Institutional Trading of Insperity

A number of hedge funds have recently made changes to their positions in NSP. Jones Financial Companies Lllp increased its position in Insperity by 493.2% during the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock valued at $27,000 after buying an additional 291 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Insperity during the third quarter valued at $32,000. Millburn Ridgefield Corp purchased a new position in shares of Insperity in the 3rd quarter worth about $53,000. UMB Bank n.a. boosted its stake in Insperity by 45.9% in the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock worth $66,000 after purchasing an additional 267 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Insperity during the 4th quarter valued at about $87,000. 93.44% of the stock is owned by 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.