Insperity (NYSE:NSP) Shares Down 3.7% – Here’s What Happened

Insperity, Inc. (NYSE:NSP)’s stock price dropped 3.7% during mid-day trading on Thursday . The stock traded as low as $81.20 and last traded at $79.87. Approximately 38,366 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 329,865 shares. The stock had previously closed at $82.91.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Truist Financial decreased their price target on Insperity from $88.00 to $82.00 and set a “hold” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $93.67.

Insperity Trading Down 4.4 %

The business’s 50-day simple moving average is $86.64 and its 200-day simple moving average is $82.07. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 32.90 and a beta of 0.67. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.03%. The ex-dividend date was Thursday, March 13th. Insperity’s payout ratio is 99.59%.

Insider Buying and Selling

In other news, CEO Paul J. Sarvadi sold 25,000 shares of Insperity stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the completion of the sale, the chief executive officer now directly owns 436,584 shares in the company, valued at $36,812,762.88. The trade was a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ellen H. Masterson bought 1,755 shares of the stock in a transaction on Wednesday, February 12th. The stock was purchased at an average cost of $85.75 per share, with a total value of $150,491.25. Following the completion of the purchase, the director now directly owns 16,612 shares in the company, valued at $1,424,479. This trade represents a 11.81 % increase in their position. The disclosure for this purchase can be found here. 5.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NSP. Covestor Ltd increased its holdings in shares of Insperity by 12.6% during the 4th quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock worth $101,000 after buying an additional 146 shares during the last quarter. Snowden Capital Advisors LLC raised its holdings in shares of Insperity by 6.0% in the 4th quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider’s stock worth $255,000 after purchasing an additional 186 shares during the period. LPL Financial LLC lifted its stake in shares of Insperity by 3.5% in the 4th quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock valued at $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 valued at $158,000 after buying an additional 211 shares during the period. Finally, Xponance Inc. lifted its position in Insperity by 4.5% during the fourth quarter. Xponance Inc. now owns 5,080 shares of the business services provider’s stock valued at $394,000 after buying an additional 220 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

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.