Insperity (NYSE:NSP) Stock Breaks Above 50-Day Moving Average – What’s Next?

Insperity, Inc. (NYSE:NSP)’s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $49.89 and traded as high as $50.96. Insperity shares last traded at $50.8230, with a volume of 362,012 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on NSP shares. Zacks Research upgraded shares of Insperity from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Roth Capital set a $61.00 target price on shares of Insperity in a report on Friday, July 31st. Robert W. Baird set a $56.00 target price on Insperity in a research note on Friday, July 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Insperity in a report on Tuesday, October 13th. Finally, Truist Financial set a $52.00 price target on Insperity and gave the company a “hold” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $53.33.

Insperity Stock Down 0.5%

The stock’s 50 day simple moving average is $49.85 and its two-hundred day simple moving average is $39.86. The firm has a market cap of $1.90 billion, a P/E ratio of 200.32 and a beta of 0.48. The company has a debt-to-equity ratio of 9.52, a current ratio of 1.11 and a quick ratio of 1.11.

Insperity (NYSE:NSP) last announced its quarterly earnings results on Thursday, October 29th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Insperity had a net margin of 0.04% and a return on equity of 18.27%. Insperity’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.20) EPS. As a group, research analysts forecast that Insperity, Inc. will post 1.28 earnings per share for the current year.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Wednesday, September 2nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.8%. The ex-dividend date was Wednesday, September 2nd. Insperity’s dividend payout ratio (DPR) is presently 3,000.00%.

Hedge Funds Weigh In On Insperity

A number of large investors have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Insperity by 7.5% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,850 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 200 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Insperity by 4.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 8,844 shares of the business services provider’s stock worth $440,000 after purchasing an additional 385 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Insperity by 5.4% in the 2nd quarter. Hsbc Holdings PLC now owns 8,131 shares of the business services provider’s stock worth $336,000 after purchasing an additional 416 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Insperity by 48.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 1,299 shares of the business services provider’s stock worth $35,000 after buying an additional 422 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its stake in Insperity by 2.8% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 16,822 shares of the business services provider’s stock worth $695,000 after buying an additional 462 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

About Insperity

Insperity, Inc. provides human resources and business solutions to small and midsize businesses in the United States. Its services are designed to help clients manage workforce-related responsibilities and support their employees. The company’s offerings include payroll and employment administration, employee benefits, workers’ compensation, human resources guidance, and assistance with employment-related compliance. It also provides services such as recruiting, training, and performance management.