Insperity (NYSE:NSP) Shares Gap Up – What’s Next?

Insperity, Inc. (NYSE:NSP)’s share price gapped up before the market opened on Monday . The stock had previously closed at $69.60, but opened at $73.26. Insperity shares last traded at $78.60, with a volume of 114,808 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial reduced their price objective on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. StockNews.com cut shares of Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. started coverage on shares of Insperity in a research report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, Insperity presently has a consensus rating of “Hold” and an average target price of $95.67.

Insperity Price Performance

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 fifty day moving average of $77.98 and a two-hundred day moving average of $83.67. The stock has a market capitalization of $3.20 billion, a P/E ratio of 27.13 and a beta of 1.13.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.81%. Insperity’s payout ratio is currently 76.19%.

Hedge Funds Weigh In On Insperity

A number of large investors have recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in Insperity by 21.7% in the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock worth $102,000 after purchasing an additional 206 shares in the last quarter. LPL Financial LLC raised its holdings in Insperity by 3.5% in the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock worth $483,000 after purchasing an additional 208 shares in the last quarter. Assetmark Inc. raised its holdings in Insperity by 11.6% in the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock worth $158,000 after purchasing an additional 211 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Insperity by 9.2% in 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 in the last quarter. Finally, KBC Group NV increased its holdings in shares of Insperity by 26.4% during the third quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after acquiring an additional 216 shares in the last quarter. 93.44% of the stock is currently 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.