Insperity, Inc. (NYSE:NSP – Get Free Report) announced a quarterly dividend on Wednesday, August 19th. Shareholders of record on Wednesday, September 2nd will be paid a dividend of 0.60 per share by the business services provider on Thursday, September 17th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Wednesday, September 2nd.
Insperity has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Insperity has a dividend payout ratio of 65.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Insperity to earn $1.72 per share next year, which means the company may not be able to cover its $2.40 annual dividend with an expected future payout ratio of 139.5%.
Insperity Trading Up 0.8%
Shares of Insperity stock opened at $52.28 on Friday. Insperity has a 1-year low of $18.57 and a 1-year high of $57.22. The company’s fifty day simple moving average is $46.51 and its 200-day simple moving average is $35.28. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $2.00 billion, a PE ratio of -121.58 and a beta of 0.52.
Insider Transactions at Insperity
In other Insperity news, CEO Paul J. Sarvadi purchased 233,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average cost of $34.05 per share, with a total value of $7,933,650.00. Following the completion of the acquisition, the chief executive officer directly owned 1,105,912 shares in the company, valued at $37,656,303.60. The trade was a 26.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.77% of the company’s stock.
Institutional Trading of Insperity
Several institutional investors have recently made changes to their positions in NSP. Public Employees Retirement System of Ohio lifted its holdings in Insperity by 48.1% in 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 purchasing an additional 422 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Insperity by 871.6% during the 4th quarter. Farther Finance Advisors LLC now owns 991 shares of the business services provider’s stock valued at $38,000 after buying an additional 889 shares in the last quarter. Allworth Financial LP grew its holdings in Insperity by 845.3% during the 4th quarter. Allworth Financial LP now owns 1,106 shares of the business services provider’s stock valued at $43,000 after buying an additional 989 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Insperity by 75.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 964 shares of the business services provider’s stock valued at $47,000 after buying an additional 416 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Insperity by 62.9% during the fourth quarter. UMB Bank n.a. now owns 1,427 shares of the business services provider’s stock valued at $55,000 after buying an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.
Insperity Company Profile
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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