Insperity Inc (NYSE:NSP) declared a quarterly dividend on Friday, November 30th, NASDAQ reports. Investors of record on Thursday, December 13th will be paid 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 0.82%. The ex-dividend date of this dividend is Wednesday, December 12th.
Insperity has raised its dividend payment 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. Research 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%.
Shares of NYSE:NSP opened at $96.99 on Friday. Insperity has a 52-week low of $55.40 and a 52-week high of $121.15. The company has a market capitalization of $4.10 billion, a P/E ratio of 47.54, a PEG ratio of 1.62 and a beta of 0.93. 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 (NYSE:NSP) last announced 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 analysts’ expectations of $935.62 million. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Insperity’s revenue was up 16.3% compared to the same quarter last year. As a group, equities research analysts predict that Insperity will post 3.36 earnings per share for the current fiscal year.
In related news, Chairman Paul J. Sarvadi sold 30,000 shares of the 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 transaction, the chairman now owns 598,962 shares of the company’s stock, valued at $69,844,958.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Jay E. Mincks sold 1,042 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was 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. In the last three months, insiders sold 35,742 shares of company stock worth $4,156,509. 9.58% of the stock is owned by insiders.
Several research analysts recently issued reports on the company. Zacks Investment Research reissued a “strong-buy” rating and issued a $127.00 price objective on shares of Insperity in a research note on Wednesday, November 14th. Robert W. Baird increased their price objective on Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $112.40.
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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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