Insperity (NYSE:NSP) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Insperity (NYSE:NSP) from a hold rating to a buy rating in a research report released on Wednesday morning.

Several other research firms have also weighed in on NSP. JPMorgan Chase & Co. initiated coverage on Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price objective on the stock. Truist Financial reduced their price target on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $95.67.

Insperity Trading Down 0.3 %

Shares of NSP stock opened at $85.22 on Wednesday. Insperity has a fifty-two week low of $68.79 and a fifty-two week high of $110.72. The stock’s fifty day moving average price is $78.06 and its two-hundred day moving average price is $83.56. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $3.19 billion, a PE ratio of 27.05 and a beta of 1.13.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were issued a $0.60 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a yield of 2.82%. Insperity’s payout ratio is presently 76.19%.

Institutional Trading of Insperity

Several hedge funds and other institutional investors have recently made changes to their positions in NSP. Covestor Ltd raised its holdings in Insperity by 21.7% in the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after buying an additional 206 shares during the last quarter. LPL Financial LLC raised its stake in shares of Insperity by 3.5% during the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 208 shares during the last quarter. Assetmark Inc. raised its stake in shares of Insperity by 11.6% during the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 211 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Insperity by 9.2% during the third quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock worth $222,000 after purchasing an additional 213 shares during the period. Finally, KBC Group NV grew its stake in shares of Insperity by 26.4% in the third quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after purchasing an additional 216 shares during the last quarter. 93.44% of the stock is currently 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.