Insperity (NYSE:NSP) Hits New 1-Year Low at $90.73

Insperity, Inc. (NYSE:NSP) shares hit a new 52-week low during trading on Friday . The stock traded as low as $90.73 and last traded at $90.74, with a volume of 47386 shares trading hands. The stock had previously closed at $91.42.

Analysts Set New Price Targets

NSP has been the subject of a number of research analyst reports. StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Robert W. Baird lifted their price objective on Insperity from $105.00 to $109.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Finally, William Blair restated an “outperform” rating on shares of Insperity in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $109.50.

Insperity Stock Performance

The firm has a market cap of $3.43 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.51 and a beta of 1.14. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50-day simple moving average is $99.88 and its 200 day simple moving average is $105.26.

Insperity (NYSE:NSP) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.24. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.81 billion. Insperity had a return on equity of 137.14% and a net margin of 2.39%. As a group, equities analysts predict that Insperity, Inc. will post 2.43 earnings per share for the current year.

Insperity Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.60 per share. This is an increase from Insperity’s previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, June 7th. Insperity’s payout ratio is currently 58.68%.

Insider Transactions at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 12,183 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $95.41, for a total value of $1,162,380.03. Following the transaction, the chief executive officer now directly owns 525,252 shares in the company, valued at $50,114,293.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Insperity news, Director John M. Morphy sold 3,300 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $102.42, for a total value of $337,986.00. Following the completion of the transaction, the director now directly owns 7,633 shares in the company, valued at approximately $781,771.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Paul J. Sarvadi sold 12,183 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $95.41, for a total transaction of $1,162,380.03. Following the sale, the chief executive officer now directly owns 525,252 shares of the company’s stock, valued at $50,114,293.32. The disclosure for this sale can be found here. Insiders have sold 20,695 shares of company stock worth $2,044,864 in the last quarter. Company insiders own 5.50% of the company’s stock.

Institutional Trading of Insperity

Several hedge funds have recently bought and sold shares of NSP. Retirement Systems of Alabama increased its holdings in shares of Insperity by 0.3% in the first quarter. Retirement Systems of Alabama now owns 44,484 shares of the business services provider’s stock worth $4,876,000 after purchasing an additional 126 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its stake in Insperity by 0.3% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 43,984 shares of the business services provider’s stock worth $4,821,000 after acquiring an additional 146 shares during the last quarter. Hohimer Wealth Management LLC raised its holdings in shares of Insperity by 4.0% during the 4th quarter. Hohimer Wealth Management LLC now owns 4,271 shares of the business services provider’s stock worth $501,000 after acquiring an additional 164 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in shares of Insperity by 5.2% during the 4th quarter. Personal CFO Solutions LLC now owns 3,406 shares of the business services provider’s stock worth $399,000 after acquiring an additional 169 shares in the last quarter. Finally, Paralel Advisors LLC boosted its position in shares of Insperity by 1.3% during the 3rd quarter. Paralel Advisors LLC now owns 15,754 shares of the business services provider’s stock valued at $1,538,000 after acquiring an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

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.