Insperity, Inc. (NYSE:NSP) to Issue Dividend Increase – $0.57 Per Share

Insperity, Inc. (NYSE:NSP – Get Rating) declared a quarterly dividend on Wednesday, May 24th, Zacks reports. Investors of record on Thursday, June 8th will be given a dividend of 0.57 per share by the business services provider on Thursday, June 22nd. This represents a $2.28 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Wednesday, June 7th. This is an increase from Insperity’s previous quarterly dividend of $0.52.

Insperity has raised its dividend payment by an average of 18.8% per year over the last three years and has raised its dividend every year for the last 12 years. Insperity has a dividend payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Insperity to earn $4.94 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 42.1%.

Insperity Price Performance

NYSE:NSP opened at $111.66 on Thursday. The business’s 50-day moving average price is $118.66 and its 200 day moving average price is $117.19. The firm has a market cap of $4.27 billion, a P/E ratio of 21.11, a PEG ratio of 1.57 and a beta of 1.24. Insperity has a 52-week low of $87.74 and a 52-week high of $131.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.77.

Insider Buying and Selling at Insperity

In other news, Director Richard G. Rawson sold 6,000 shares of Insperity stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $130.15, for a total transaction of $780,900.00. Following the completion of the sale, the director now directly owns 50,796 shares in the company, valued at approximately $6,611,099.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Paul J. Sarvadi sold 840 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $124.12, for a total value of $104,260.80. Following the completion of the sale, the chief executive officer now directly owns 550,288 shares in the company, valued at approximately $68,301,746.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard G. Rawson sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $130.15, for a total value of $780,900.00. Following the completion of the sale, the director now owns 50,796 shares of the company’s stock, valued at $6,611,099.40. The disclosure for this sale can be found here. Insiders have sold a total of 11,999 shares of company stock valued at $1,523,742 in the last 90 days. 5.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Insperity

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Maverick Capital Ltd. bought a new stake in shares of Insperity in the first quarter valued at approximately $360,000. First Republic Investment Management Inc. boosted its position in shares of Insperity by 25.9% in the first quarter. First Republic Investment Management Inc. now owns 2,936 shares of the business services provider’s stock valued at $357,000 after acquiring an additional 604 shares during the period. Woodline Partners LP bought a new stake in shares of Insperity in the second quarter valued at approximately $331,000. State of Wyoming raised its stake in shares of Insperity by 257.9% in the fourth quarter. State of Wyoming now owns 2,652 shares of the business services provider’s stock valued at $301,000 after purchasing an additional 1,911 shares in the last quarter. Finally, Symphony Financial Ltd. Co. raised its stake in shares of Insperity by 6.4% in the first quarter. Symphony Financial Ltd. Co. now owns 2,965 shares of the business services provider’s stock valued at $299,000 after purchasing an additional 178 shares in the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NSP has been the topic of a number of research analyst reports. 22nd Century Group reaffirmed a “maintains” rating on shares of Insperity in a report on Thursday, April 27th. Truist Financial cut Insperity from a “buy” rating to a “hold” rating and set a $128.00 target price on the stock. in a research note on Monday, April 24th. StockNews.com initiated coverage on Insperity in a research note on Thursday, May 18th. They set a “strong-buy” rating on the stock. Finally, 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of Insperity in a research note on Thursday, April 27th. One research analyst has rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $133.50.

About Insperity

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Insperity, Inc engages in the provision of human resources and business solutions designed to help improve business performance. The firm also offers payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management, and training and development services, along with cloud-based human capital management platform.