Insperity (NYSE:NSP) Stock Price Up 4.2% – Still a Buy?

Insperity, Inc. (NYSE:NSP)’s share price rose 4.2% during trading on Tuesday . The stock traded as high as $84.12 and last traded at $84.29. Approximately 26,984 shares traded hands during trading, a decline of 93% from the average daily volume of 381,356 shares. The stock had previously closed at $80.88.

Analysts Set New Price Targets

Several research firms have recently commented on NSP. StockNews.com cut Insperity from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Truist Financial cut their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. began coverage on Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 target price for the company. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $95.67.

Insperity Trading Up 4.2 %

The company has a market cap of $3.15 billion, a PE ratio of 26.76 and a beta of 1.13. The business’s 50-day simple moving average is $77.98 and its 200-day simple moving average is $83.67. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Tuesday, December 10th. Insperity’s dividend payout ratio (DPR) is 76.19%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC increased its stake in shares of Insperity by 19.7% during the third quarter. Inspire Investing LLC now owns 4,660 shares of the business services provider’s stock worth $410,000 after purchasing an additional 768 shares during the period. Creative Planning lifted its position in shares of Insperity by 14.6% during the 3rd quarter. Creative Planning now owns 4,104 shares of the business services provider’s stock worth $361,000 after buying an additional 522 shares during the last quarter. nVerses Capital LLC grew its holdings in shares of Insperity by 285.7% during the 3rd quarter. nVerses Capital LLC now owns 2,700 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 2,000 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Insperity by 10.8% in the 3rd quarter. Blue Trust Inc. now owns 3,413 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 333 shares during the last quarter. Finally, Vest Financial LLC grew its holdings in shares of Insperity by 40.3% during the third quarter. Vest Financial LLC now owns 16,298 shares of the business services provider’s stock worth $1,434,000 after purchasing an additional 4,678 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

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.