Insperity (NYSE:NSP) Price Target Lowered to $88.00 at Truist Financial

Insperity (NYSE:NSP) had its target price cut by Truist Financial from $95.00 to $88.00 in a research note published on Friday, Benzinga reports. They currently have a hold rating on the business services provider’s stock.

A number of other equities research analysts also recently issued reports on the company. William Blair downgraded Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. started coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $95.67.

Insperity Stock Performance

NYSE:NSP traded down $3.59 during trading hours on Friday, reaching $75.18. The company had a trading volume of 616,181 shares, compared to its average volume of 274,986. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 2.24 and a beta of 1.11. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.60. The firm’s 50 day moving average price is $87.39 and its 200-day moving average price is $94.12. Insperity has a 52 week low of $74.32 and a 52 week high of $119.40.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 EPS for the quarter, topping the consensus estimate of $0.72 by $0.14. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. Insperity’s revenue was up 1.3% compared to the same quarter last year. On average, analysts forecast that Insperity will post 2.42 EPS for the current year.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.19%. Insperity’s payout ratio is currently 56.60%.

Insider Activity at Insperity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of Insperity stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the transaction, the chief executive officer now owns 509,129 shares in the company, valued at approximately $46,956,967.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Insperity

Institutional investors have recently made changes to their positions in the business. nVerses Capital LLC purchased a new position in Insperity during the second quarter valued at $64,000. EntryPoint Capital LLC grew its position in shares of Insperity by 164.3% during the first 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 in the last quarter. Quarry LP increased its holdings in shares of Insperity by 205.6% in the second quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after purchasing an additional 732 shares during the last quarter. Covestor Ltd lifted its position in shares of Insperity by 21.7% in the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after buying an additional 206 shares in the last quarter. Finally, Accordant Advisory Group Inc bought a new position in shares of Insperity during the 2nd quarter valued at approximately $109,000. Hedge funds and other institutional investors 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.