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

Shares of Insperity, Inc. (NYSE:NSP) rose 5.8% during mid-day trading on Tuesday . The company 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.

Wall Street Analysts Forecast Growth

NSP has been the topic of a number of research reports. William Blair lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. began coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $99.50.

Insperity Price Performance

The company has a debt-to-equity ratio of 2.60, a current ratio of 1.17 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $88.04 and its two-hundred day simple moving average is $94.44. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.39 and a beta of 1.11.

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

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders 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 dividend yield of 3.05%. Insperity’s dividend payout ratio is presently 58.68%.

Insider Activity

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the business’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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its holdings in Insperity by 13.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,705 shares of the business services provider’s stock worth $845,000 after purchasing an additional 906 shares during the last quarter. State of Michigan Retirement System raised its holdings in Insperity by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 8,650 shares of the business services provider’s stock worth $948,000 after purchasing an additional 200 shares during the last quarter. Retirement Systems of Alabama raised its holdings in Insperity by 0.3% during the 1st 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. Mirae Asset Global Investments Co. Ltd. raised its holdings in Insperity by 63.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,337 shares of the business services provider’s stock worth $3,228,000 after purchasing an additional 10,969 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Insperity by 0.9% during the 1st quarter. BNP Paribas Financial Markets now owns 32,924 shares of the business services provider’s stock worth $3,609,000 after purchasing an additional 283 shares during the last quarter. 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.