Insperity Inc (NYSE:NSP) declared a quarterly dividend on Friday, November 30th, NASDAQ reports. Investors of record on Thursday, December 13th will be given a dividend of 0.20 per share by the business services provider on Friday, December 28th. This represents a $0.80 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, December 12th.
Insperity has increased its dividend by an average of 15.8% annually over the last three years and has raised its dividend every year for the last 6 years. Insperity has a dividend payout ratio of 25.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Insperity to earn $3.80 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 21.1%.
NSP stock opened at $96.82 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.69. Insperity has a 52-week low of $55.40 and a 52-week high of $121.15. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 47.46, a price-to-earnings-growth ratio of 1.62 and a beta of 0.93.
Insperity (NYSE:NSP) last posted its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.14. Insperity had a return on equity of 123.25% and a net margin of 3.41%. The company had revenue of $925.13 million for the quarter, compared to the consensus estimate of $935.62 million. During the same period in the previous year, the business earned $1.14 EPS. Insperity’s revenue for the quarter was up 16.3% compared to the same quarter last year. On average, equities analysts forecast that Insperity will post 3.36 EPS for the current fiscal year.
Several research firms have issued reports on NSP. Zacks Investment Research restated a “strong-buy” rating and set a $127.00 price objective on shares of Insperity in a report on Wednesday, November 14th. Robert W. Baird lifted their price objective on Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Insperity presently has a consensus rating of “Buy” and a consensus target price of $112.40.
In other news, Chairman Paul J. Sarvadi sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $116.61, for a total value of $3,498,300.00. Following the completion of the sale, the chairman now directly owns 598,962 shares in the company, valued at approximately $69,844,958.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jay E. Mincks sold 1,042 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $108.62, for a total value of $113,182.04. The disclosure for this sale can be found here. Insiders have sold a total of 35,742 shares of company stock worth $4,156,509 over the last 90 days. 9.58% of the stock is owned by company insiders.
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Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.
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