JPMorgan Chase & Co. Cuts Insperity (NYSE:NSP) Price Target to $34.00

Insperity (NYSE:NSP) had its price target decreased by JPMorgan Chase & Co. from $51.00 to $34.00 in a research report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the business services provider’s stock.

NSP has been the subject of several other reports. Truist Financial dropped their price objective on Insperity from $70.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, August 4th. Zacks Research raised shares of Insperity from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Wall Street Zen raised shares of Insperity from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Insperity in a research note on Wednesday, October 8th. Finally, Roth Capital cut their target price on shares of Insperity from $85.00 to $74.00 and set a “buy” rating for the company in a research note on Monday, August 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $46.67.

Insperity Stock Performance

NYSE:NSP opened at $34.00 on Tuesday. The firm has a market capitalization of $1.28 billion, a PE ratio of 32.07 and a beta of 0.52. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.29. Insperity has a 12-month low of $33.00 and a 12-month high of $95.98. The firm has a 50-day moving average price of $48.59 and a 200 day moving average price of $57.03.

Insperity (NYSE:NSP) last released its quarterly earnings data on Monday, November 3rd. The business services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.42). Insperity had a net margin of 0.60% and a return on equity of 35.32%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Insperity has set its FY 2025 guidance at 0.840-1.470 EPS. Q4 2025 guidance at -0.790–0.160 EPS. Research analysts anticipate that Insperity will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $2.40 annualized dividend and a yield of 7.1%. Insperity’s dividend payout ratio is currently 521.74%.

Insider Buying and Selling

In other news, CEO Paul J. Sarvadi sold 10,850 shares of Insperity stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $51.98, for a total value of $563,983.00. Following the completion of the sale, the chief executive officer directly owned 428,001 shares of the company’s stock, valued at approximately $22,247,491.98. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.29% of the company’s stock.

Hedge Funds Weigh In On Insperity

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Insperity during the 2nd quarter worth about $26,960,000. Reinhart Partners LLC. grew its position in shares of Insperity by 23.2% during the 3rd quarter. Reinhart Partners LLC. now owns 2,202,326 shares of the business services provider’s stock worth $108,355,000 after buying an additional 415,373 shares during the period. Millennium Management LLC grew its position in shares of Insperity by 533.8% during the 1st quarter. Millennium Management LLC now owns 323,875 shares of the business services provider’s stock worth $28,899,000 after buying an additional 272,778 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Insperity by 40.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 703,011 shares of the business services provider’s stock worth $62,730,000 after buying an additional 200,685 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Insperity by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 513,785 shares of the business services provider’s stock valued at $45,845,000 after buying an additional 180,563 shares during the period. 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.