Insperity (NYSE:NSP) Reaches New 52-Week Low – Time to Sell?

Insperity, Inc. (NYSE:NSP) reached a new 52-week low on Friday . The company traded as low as $73.96 and last traded at $73.97, with a volume of 72579 shares changing hands. The stock had previously closed at $75.51.

Analyst Upgrades and Downgrades

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

Insperity Price Performance

The firm has a market cap of $2.75 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 2.18 and a beta of 1.12. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a 50-day simple moving average of $85.15 and a 200 day simple moving average of $92.44.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Thursday, September 5th. Insperity’s dividend payout ratio (DPR) is presently 76.19%.

Institutional Investors Weigh In On Insperity

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP boosted its stake in Insperity by 40.9% in the 3rd quarter. Quarry LP now owns 1,533 shares of the business services provider’s stock worth $135,000 after purchasing an additional 445 shares in the last quarter. Petrus Trust Company LTA grew its holdings in shares of Insperity by 276.6% during the third quarter. Petrus Trust Company LTA now owns 10,635 shares of the business services provider’s stock valued at $936,000 after buying an additional 7,811 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Insperity during the third quarter valued at approximately $53,000. Hotchkis & Wiley Capital Management LLC bought a new position in Insperity in the 3rd quarter valued at approximately $8,690,000. Finally, HighTower Advisors LLC lifted its position in Insperity by 6.6% in the 3rd quarter. HighTower Advisors LLC now owns 6,808 shares of the business services provider’s stock valued at $596,000 after acquiring an additional 423 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

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.