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

Insperity, Inc. (NYSE:NSP)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $71.16 and last traded at $70.79, with a volume of 219413 shares changing hands. The stock had previously closed at $74.27.

Analyst Ratings Changes

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

Insperity Price Performance

The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 22.06 and a beta of 1.13. The stock’s 50 day moving average price is $77.99 and its two-hundred day moving average price is $84.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.45%. Insperity’s payout ratio is currently 76.19%.

Institutional Trading of Insperity

Several hedge funds and other institutional investors have recently bought and sold shares of NSP. Value Holdings Management CO. LLC boosted its position in Insperity by 4.2% in the 4th quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider’s stock worth $18,432,000 after purchasing an additional 9,600 shares in the last quarter. State Street Corp lifted its stake in shares of Insperity by 0.9% in the 3rd quarter. State Street Corp now owns 1,287,058 shares of the business services provider’s stock valued at $113,261,000 after purchasing an additional 11,123 shares during the period. Reinhart Partners LLC. boosted its holdings in Insperity by 8.3% during the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after buying an additional 89,809 shares in the last quarter. JPMorgan Chase & Co. grew its position in Insperity by 16.5% during the third quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider’s stock valued at $13,259,000 after buying an additional 21,325 shares during the period. Finally, Barclays PLC raised its position in shares of Insperity by 129.7% in the third quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock worth $7,269,000 after acquiring an additional 46,625 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

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.