Insperity (NYSE:NSP) Sets New 52-Week Low – Should You Sell?

Insperity, Inc. (NYSE:NSP) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $73.96 and last traded at $73.97, with a volume of 72579 shares trading hands. The stock had previously closed at $75.51.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NSP shares. JPMorgan Chase & Co. started coverage on shares of Insperity in a research note on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target for the company. StockNews.com lowered shares of Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. William Blair downgraded Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. Finally, Truist Financial reduced their price objective on Insperity from $95.00 to $88.00 and set a “hold” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $95.67.

Insperity Stock Performance

The business has a 50-day simple moving average of $85.15 and a 200 day simple moving average of $92.44. 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 market cap of $2.75 billion, a PE ratio of 23.97, a PEG ratio of 2.18 and a beta of 1.12.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Thursday, September 5th. Insperity’s payout ratio is 76.19%.

Institutional Investors Weigh In On Insperity

A number of institutional investors and hedge funds have recently bought and sold shares of NSP. Millburn Ridgefield Corp bought a new stake in Insperity in the 3rd quarter valued at $53,000. nVerses Capital LLC bought a new position in Insperity during the second quarter valued at approximately $64,000. EntryPoint Capital LLC grew its holdings in Insperity by 164.3% during the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock valued at $94,000 after buying an additional 534 shares in the last quarter. KBC Group NV increased its stake in Insperity by 26.4% in the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after acquiring an additional 216 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Insperity by 264.7% during the 1st quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 757 shares during the last quarter. 93.44% of the stock is 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.