Insperity (NYSE:NSP) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Insperity (NYSE:NSP) from a hold rating to a buy rating in a report issued on Wednesday morning.

A number of other analysts have also recently commented on the stock. Truist Financial cut their price target 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. JPMorgan Chase & Co. assumed coverage on Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $95.67.

Insperity Trading Down 0.3 %

NYSE:NSP opened at $85.22 on Wednesday. Insperity has a 52 week low of $68.79 and a 52 week high of $110.72. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The firm’s fifty day moving average is $78.06 and its 200-day moving average is $83.56. The firm has a market cap of $3.19 billion, a P/E ratio of 27.05 and a beta of 1.13.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a dividend yield of 2.82%. Insperity’s dividend payout ratio is currently 76.19%.

Hedge Funds Weigh In On Insperity

A number of institutional investors and hedge funds have recently made changes to their positions in NSP. Inspire Investing LLC grew its stake in Insperity by 19.7% in the third quarter. Inspire Investing LLC now owns 4,660 shares of the business services provider’s stock valued at $410,000 after acquiring an additional 768 shares during the period. Creative Planning grew its position in Insperity by 14.6% in the 3rd quarter. Creative Planning now owns 4,104 shares of the business services provider’s stock valued at $361,000 after purchasing an additional 522 shares during the period. nVerses Capital LLC increased its stake in 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 in the last quarter. Blue Trust Inc. raised its holdings in Insperity by 10.8% during the third quarter. Blue Trust Inc. now owns 3,413 shares of the business services provider’s stock worth $311,000 after buying an additional 333 shares during the last quarter. Finally, Vest Financial LLC lifted its stake in shares of Insperity by 40.3% in the third quarter. Vest Financial LLC now owns 16,298 shares of the business services provider’s stock valued at $1,434,000 after buying an additional 4,678 shares in the last quarter. Institutional investors 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.