Insperity, Inc. Declares Quarterly Dividend of $0.60 (NYSE:NSP)

Insperity, Inc. (NYSE:NSP) announced a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 10th will be given a dividend of 0.60 per share by the business services provider on Tuesday, December 24th. This represents a $2.40 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, December 10th.

Insperity has increased its dividend payment by an average of 11.7% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Insperity has a dividend payout ratio of 65.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Insperity to earn $2.55 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 94.1%.

Insperity Price Performance

NSP opened at $76.06 on Friday. 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 stock has a market capitalization of $2.84 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12. The stock’s 50 day moving average price is $83.29 and its 200-day moving average price is $91.08. Insperity has a 52-week low of $71.69 and a 52-week high of $119.40.

Analysts Set New Price Targets

A number of research analysts have issued reports on NSP shares. Truist Financial reduced their price objective on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. StockNews.com downgraded shares of Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. started coverage on shares of Insperity in a report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective for the company. Finally, William Blair downgraded Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $95.67.

About Insperity

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.