Insperity (NYSE:NSP) Hits New 52-Week Low – Here’s Why

Insperity, Inc. (NYSE:NSP) hit a new 52-week low during trading on Monday . The company traded as low as $32.47 and last traded at $32.9150, with a volume of 546850 shares trading hands. The stock had previously closed at $33.25.

Analyst Ratings Changes

A number of research firms have recently weighed in on NSP. Roth Capital reissued a “buy” rating and issued a $71.00 target price on shares of Insperity in a research note on Tuesday, November 4th. JPMorgan Chase & Co. dropped their price objective on shares of Insperity from $51.00 to $34.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 4th. Zacks Research cut shares of Insperity from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Wall Street Zen lowered Insperity from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Truist Financial dropped their target price on Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $46.67.

Insperity Stock Down 0.5%

The business’s 50 day simple moving average is $46.01 and its 200 day simple moving average is $55.00. 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 firm has a market capitalization of $1.23 billion, a PE ratio of 30.66 and a beta of 0.52.

Insperity (NYSE:NSP) last released its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.42). Insperity had a return on equity of 35.32% and a net margin of 0.60%.The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the business posted $0.39 EPS. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $0.60 dividend. The ex-dividend date was Thursday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 7.4%. Insperity’s dividend payout ratio (DPR) is currently 521.74%.

Insiders Place Their Bets

In other news, Director Randall Mehl bought 2,000 shares of Insperity stock in a transaction dated Thursday, November 6th. The shares were acquired at an average price 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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Paul J. Sarvadi sold 10,850 shares of Insperity stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $51.98, for a total transaction of $563,983.00. Following the transaction, the chief executive officer directly owned 428,001 shares of the company’s stock, valued at approximately $22,247,491.98. This represents a 2.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.29% of the company’s stock.

Institutional Investors Weigh In On Insperity

Hedge funds and other institutional investors have recently modified their holdings of the business. Reinhart Partners LLC. boosted its holdings in Insperity by 23.2% during the 3rd quarter. Reinhart Partners LLC. now owns 2,202,326 shares of the business services provider’s stock valued at $108,355,000 after acquiring an additional 415,373 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Insperity by 2.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,452,465 shares of the business services provider’s stock worth $87,322,000 after purchasing an additional 41,521 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Insperity by 4.0% during the third quarter. Earnest Partners LLC now owns 1,400,086 shares of the business services provider’s stock valued at $68,884,000 after purchasing an additional 53,598 shares during the period. Geode Capital Management LLC grew its holdings in shares of Insperity by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,030,548 shares of the business services provider’s stock worth $61,963,000 after purchasing an additional 13,266 shares during the last quarter. Finally, Hawk Ridge Capital Management LP grew its holdings in shares of Insperity by 15.6% in the third quarter. Hawk Ridge Capital Management LP now owns 915,236 shares of the business services provider’s stock worth $45,030,000 after purchasing an additional 123,736 shares during the last quarter. 93.44% of the stock is currently owned by hedge funds and other 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.