Zacks Research Downgrades Insperity (NYSE:NSP) to Strong Sell

Insperity (NYSE:NSP) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on NSP. Roth Capital reaffirmed a “buy” rating and set a $71.00 price objective on shares of Insperity in a research report on Tuesday. Wall Street Zen cut shares of Insperity from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Insperity in a research report on Wednesday, October 8th. Truist Financial decreased their price objective on shares of Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on Insperity from $51.00 to $34.00 and set an “underweight” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $46.67.

Insperity Price Performance

NYSE:NSP traded down $0.19 during trading hours on Thursday, reaching $33.89. 790,498 shares of the company were exchanged, compared to its average volume of 556,041. The business has a 50 day moving average of $48.16 and a 200 day moving average of $56.73. Insperity has a 1-year low of $33.00 and a 1-year high of $95.98. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $1.28 billion, a P/E ratio of 31.97 and a beta of 0.52.

Insperity (NYSE:NSP) last announced its quarterly earnings data on Monday, November 3rd. The business services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.42). The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. Insperity had a net margin of 0.60% and a return on equity of 35.32%. Insperity’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. Insperity has set its FY 2025 guidance at 0.840-1.470 EPS. Q4 2025 guidance at -0.790–0.160 EPS. Research analysts forecast that Insperity will post 2.33 EPS for the current year.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 10,850 shares of Insperity stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $51.98, for a total value of $563,983.00. Following the transaction, the chief executive officer directly owned 428,001 shares of the company’s stock, valued at $22,247,491.98. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Insperity in the 2nd quarter valued at about $26,960,000. Reinhart Partners LLC. increased its holdings in Insperity by 23.2% in the third quarter. Reinhart Partners LLC. now owns 2,202,326 shares of the business services provider’s stock worth $108,355,000 after purchasing an additional 415,373 shares in the last quarter. Millennium Management LLC lifted its stake in Insperity by 533.8% in the first quarter. Millennium Management LLC now owns 323,875 shares of the business services provider’s stock valued at $28,899,000 after buying an additional 272,778 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Insperity by 40.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 703,011 shares of the business services provider’s stock valued at $62,730,000 after buying an additional 200,685 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Insperity by 54.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 513,785 shares of the business services provider’s stock worth $45,845,000 after buying an additional 180,563 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Company Profile

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.