Insperity, Inc. (NYSE:NSP – Get Free Report) Director Randall Mehl acquired 2,000 shares of Insperity stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average cost of $34.25 per share, with a total value of $68,500.00. Following the completion of the purchase, the director owned 24,707 shares in the company, valued at $846,214.75. The trade was a 8.81% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Randall Mehl also recently made the following trade(s):
- On Friday, November 7th, Randall Mehl acquired 1,000 shares of Insperity stock. The shares were acquired at an average cost of $33.88 per share, with a total value of $33,880.00.
Insperity Price Performance
NSP stock traded down $1.07 during mid-day trading on Monday, reaching $32.79. The company’s stock had a trading volume of 809,332 shares, compared to its average volume of 556,971. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.29. The company’s 50 day moving average is $48.16 and its two-hundred day moving average is $56.42. Insperity, Inc. has a fifty-two week low of $32.62 and a fifty-two week high of $95.98. The stock has a market cap of $1.24 billion, a PE ratio of 30.93 and a beta of 0.52.
Insperity Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 7.3%. The ex-dividend date was Thursday, September 4th. Insperity’s payout ratio is 521.74%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. purchased a new position in Insperity during the 1st quarter worth approximately $222,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Insperity in the second quarter valued at approximately $589,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Insperity during the first quarter worth approximately $268,000. Strs Ohio purchased a new position in Insperity during the 1st quarter worth $321,000. Finally, Teacher Retirement System of Texas increased its stake in Insperity by 30.3% in the second quarter. Teacher Retirement System of Texas now owns 90,441 shares of the business services provider’s stock valued at $5,437,000 after purchasing an additional 21,027 shares during the period. Institutional investors and hedge funds own 93.44% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Insperity from $51.00 to $34.00 and set an “underweight” rating for the company in a report on Tuesday, November 4th. Truist Financial dropped their price objective on Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Wall Street Zen downgraded Insperity from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Insperity in a report on Wednesday, October 8th. Finally, Roth Capital reiterated a “buy” rating and set a $71.00 price target on shares of Insperity in a research note on Tuesday, November 4th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $46.67.
Check Out Our Latest Report on Insperity
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.
Read More
- Five stocks we like better than Insperity
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Shares Down, Price Targets Up: 3 Stocks Upgraded After +10% Drops
- What is the Shanghai Stock Exchange Composite Index?
- Nuclear Stocks Are Melting Down—Should Investors Panic?
- Investing in Commodities: What Are They? How to Invest in Them
- Monday.com Opens Generational Opportunity With Manic Sell-Off
Receive News & Ratings for Insperity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insperity and related companies with MarketBeat.com's FREE daily email newsletter.
