Insperity, Inc. (NYSE:NSP) Short Interest Up 22.8% in December

by · The Cerbat Gem

Insperity, Inc. (NYSE:NSP – Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,738,237 shares, an increase of 22.8% from the November 30th total of 3,043,909 shares. Based on an average daily volume of 960,585 shares, the short-interest ratio is presently 3.9 days. Approximately 10.5% of the company’s shares are sold short. Approximately 10.5% of the company’s shares are sold short. Based on an average daily volume of 960,585 shares, the short-interest ratio is presently 3.9 days.

Wall Street Analyst Weigh In

NSP has been the topic of a number of recent research reports. Zacks Research downgraded shares of Insperity from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Insperity in a research report on Monday. Wall Street Zen cut shares of Insperity from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Roth Capital reiterated a “buy” rating and set a $71.00 price target on shares of Insperity in a research report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Insperity from $51.00 to $34.00 and set an “underweight” rating for the company in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $46.67.

Get Our Latest Report on NSP

Insiders Place Their Bets

In other news, Director Randall Mehl bought 2,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $34.25 per share, for a total transaction of $68,500.00. Following the purchase, the director owned 24,707 shares of the company’s stock, valued at $846,214.75. This represents a 8.81% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.29% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NSP. LRI Investments LLC increased its position in Insperity by 134.0% during the 3rd quarter. LRI Investments LLC now owns 606 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 347 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Insperity by 49.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 548 shares of the business services provider’s stock worth $33,000 after buying an additional 181 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Insperity in the 3rd quarter valued at $41,000. Bayforest Capital Ltd bought a new position in shares of Insperity during the 3rd quarter valued at approximately $58,000. Finally, Geneos Wealth Management Inc. increased its position in Insperity by 32.2% in the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock worth $67,000 after buying an additional 182 shares during the last quarter. 93.44% of the stock is owned by institutional investors.

Insperity Stock Down 0.7%

Shares of Insperity stock traded down $0.28 on Wednesday, reaching $38.69. The stock had a trading volume of 534,481 shares, compared to its average volume of 1,198,242. Insperity has a 1 year low of $31.00 and a 1 year high of $95.98. The company has a 50 day moving average price of $37.33 and a 200 day moving average price of $48.30. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 4.24. The stock has a market capitalization of $1.46 billion, a P/E ratio of 84.11 and a beta of 0.47.

Insperity (NYSE:NSP – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.42). The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Insperity had a net margin of 0.25% and a return on equity of 12.53%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. As a group, equities research analysts forecast that Insperity will post 2.33 EPS for the current year.

Insperity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, December 9th. Insperity’s dividend payout ratio is currently 521.74%.

About Insperity

(Get Free Report)

Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.

The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.

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