Insperity (NYSE:NSP) Reaches New 12-Month Low – Should You Sell?

Shares of Insperity, Inc. (NYSE:NSP) reached a new 52-week low during trading on Tuesday . The stock traded as low as $84.25 and last traded at $84.51, with a volume of 51057 shares trading hands. The stock had previously closed at $86.99.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NSP. William Blair cut shares of Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. assumed coverage on Insperity in a report on Tuesday. They issued an “underweight” rating and a $90.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $99.50.

Insperity Stock Performance

The firm’s 50-day moving average price is $89.18 and its two-hundred day moving average price is $95.32. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $3.29 billion, a PE ratio of 21.33, a P/E/G ratio of 2.39 and a beta of 1.11.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.14. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. As a group, research analysts predict that Insperity, Inc. will post 2.43 earnings per share for the current fiscal year.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.60 dividend. The ex-dividend date was Thursday, September 5th. This represents a $2.40 annualized dividend and a yield of 2.75%. Insperity’s dividend payout ratio is presently 58.68%.

Insider Buying and Selling at Insperity

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

Hedge Funds Weigh In On Insperity

A number of hedge funds have recently added to or reduced their stakes in NSP. nVerses Capital LLC acquired a new stake in Insperity in the second quarter valued at approximately $64,000. EntryPoint Capital LLC lifted its stake in shares of Insperity by 164.3% in the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 534 shares during the last quarter. Covestor Ltd lifted its stake in shares of Insperity by 264.7% in the 1st quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 757 shares during the last quarter. Quarry LP increased its position in Insperity by 205.6% during the second quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after buying an additional 732 shares during the last quarter. Finally, Accordant Advisory Group Inc bought a new position in Insperity during the second quarter valued at about $109,000. 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.