Insperity (NYSE:NSP) Stock Price Up 5.8% – Here’s Why

Insperity, Inc. (NYSE:NSP)’s stock price was up 5.8% on Tuesday . The stock traded as high as $84.12 and last traded at $84.01. Approximately 381,576 shares were traded during trading, an increase of 41% from the average daily volume of 270,058 shares. The stock had previously closed at $79.41.

Analyst Ratings Changes

A number of analysts have recently commented on NSP shares. JPMorgan Chase & Co. started coverage on Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target for the company. William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $99.50.

Insperity Trading Down 2.9 %

The business has a 50 day moving average price of $88.04 and a 200 day moving average price of $94.44. 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 company has a market capitalization of $2.97 billion, a P/E ratio of 19.83, a PEG ratio of 2.39 and a beta of 1.11.

Insperity (NYSE:NSP) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the business earned $0.33 EPS. Insperity’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts anticipate that Insperity, Inc. will post 2.43 EPS for the current year.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Thursday, September 5th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, September 5th. This represents a $2.40 dividend on an annualized basis and a yield of 3.05%. Insperity’s payout ratio is 58.68%.

Insider Transactions at Insperity

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 509,129 shares of the company’s stock, valued at $46,956,967.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Insperity

Several hedge funds have recently made changes to their positions in NSP. Mawer Investment Management Ltd. grew its stake in shares of Insperity by 4.0% in the second quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider’s stock valued at $473,247,000 after buying an additional 197,309 shares in the last quarter. Vanguard Group Inc. raised its stake in Insperity by 4.9% in the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock valued at $428,696,000 after purchasing an additional 182,773 shares in the last quarter. Earnest Partners LLC raised its stake in Insperity by 2.5% in the second quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider’s stock valued at $120,733,000 after purchasing an additional 32,542 shares in the last quarter. Reinhart Partners LLC. raised its stake in Insperity by 6.7% in the third quarter. Reinhart Partners LLC. now owns 1,082,034 shares of the business services provider’s stock valued at $95,219,000 after purchasing an additional 68,160 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Insperity by 5.3% in the second quarter. Sei Investments Co. now owns 734,271 shares of the business services provider’s stock valued at $66,973,000 after purchasing an additional 37,091 shares in the last quarter. 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.