Insperity Inc (NYSE:NSP) has received a consensus rating of “Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $115.00.
Several equities research analysts have recently weighed in on NSP shares. Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Tuesday, August 7th. Robert W. Baird upped their target price on Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, November 2nd. First Analysis reiterated an “equal weight” rating on shares of Insperity in a research note on Thursday, August 2nd. Finally, Roth Capital boosted their price target on Insperity from $88.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st.
In other Insperity news, SVP Douglas S. Sharp sold 1,823 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $115.60, for a total transaction of $210,738.80. Following the sale, the senior vice president now owns 19,967 shares in the company, valued at $2,308,185.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James D. Allison sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $115.90, for a total value of $231,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,565 shares of company stock worth $8,971,648. Insiders own 9.58% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Oak Wealth Management Inc. acquired a new stake in shares of Insperity during the 3rd quarter worth approximately $106,000. Private Capital Group LLC raised its position in shares of Insperity by 566.1% during the 2nd quarter. Private Capital Group LLC now owns 1,099 shares of the business services provider’s stock worth $104,000 after purchasing an additional 934 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Insperity during the 2nd quarter worth approximately $124,000. Advisory Services Network LLC acquired a new stake in shares of Insperity during the 2nd quarter worth approximately $164,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Insperity during the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors own 83.72% of the company’s stock.
Shares of NYSE NSP traded down $6.06 on Friday, hitting $100.96. The company had a trading volume of 7,712,101 shares, compared to its average volume of 379,982. Insperity has a 12-month low of $55.40 and a 12-month high of $121.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 49.49, a PEG ratio of 1.74 and a beta of 0.90.
Insperity (NYSE:NSP) last issued its earnings results on Thursday, November 1st. The business services provider reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $935.62 million. During the same quarter in the prior year, the business earned $1.14 earnings per share. The company’s revenue was up 16.3% compared to the same quarter last year. Research analysts expect that Insperity will post 3.36 EPS for the current fiscal year.
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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