Insperity (NYSE:NSP) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Insperity (NYSE:NSP) from a hold rating to a strong sell rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research firms have also recently issued reports on NSP. Wall Street Zen cut shares of Insperity from a “hold” rating to a “sell” rating in a research note on Saturday. Truist Financial lowered their price objective on shares of Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday. Weiss Ratings restated a “sell (d+)” rating on shares of Insperity in a research note on Wednesday, October 8th. Roth Capital reiterated a “buy” rating and issued a $71.00 price objective on shares of Insperity in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on Insperity from $51.00 to $34.00 and set an “underweight” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $46.67.

Insperity Stock Down 0.6%

Insperity stock traded down $0.19 during trading hours on Thursday, hitting $33.89. The company had a trading volume of 790,498 shares, compared to its average volume of 556,041. Insperity has a fifty-two week low of $33.00 and a fifty-two week high of $95.98. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $1.28 billion, a P/E ratio of 31.97 and a beta of 0.52. The firm’s fifty day moving average is $48.16 and its 200-day moving average is $56.73.

Insperity (NYSE:NSP) last posted its quarterly earnings results on Monday, November 3rd. The business services provider reported ($0.20) EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Insperity has set its FY 2025 guidance at 0.840-1.470 EPS. Q4 2025 guidance at -0.790–0.160 EPS. On average, research analysts forecast that Insperity will post 2.33 earnings per share for the current year.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Thursday, September 4th. Insperity’s dividend payout ratio (DPR) is currently 521.74%.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 10,850 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $51.98, for a total transaction of $563,983.00. Following the sale, the chief executive officer directly owned 428,001 shares of the company’s stock, valued at $22,247,491.98. The trade was a 2.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 5.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Insperity

Several hedge funds have recently added to or reduced their stakes in NSP. GSA Capital Partners LLP increased its holdings in Insperity by 117.9% in the 3rd quarter. GSA Capital Partners LLP now owns 27,740 shares of the business services provider’s stock valued at $1,365,000 after buying an additional 15,010 shares during the period. Advisors Asset Management Inc. lifted its stake in Insperity by 1,293.2% during the third quarter. Advisors Asset Management Inc. now owns 22,430 shares of the business services provider’s stock worth $1,104,000 after purchasing an additional 20,820 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Insperity by 14.1% in the third quarter. ProShare Advisors LLC now owns 122,833 shares of the business services provider’s stock worth $6,043,000 after acquiring an additional 15,190 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Insperity by 51.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 49,570 shares of the business services provider’s stock valued at $2,439,000 after buying an additional 16,766 shares in the last quarter. Finally, Chapman Investment Management LLC bought a new stake in shares of Insperity during the third quarter worth $264,000. 93.44% of the stock is owned by institutional investors and hedge funds.

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.