Insperity, Inc. (NYSE:NSP) has received an average broker rating score of 1.80 (Buy) from the five analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a strong buy recommendation to the company. Insperity’s rating score has improved by 18.2% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus target price of $97.25 for the company and are forecasting that the company will post $0.83 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Insperity an industry rank of 173 out of 265 based on the ratings given to its competitors.
NSP has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Monday. BidaskClub upgraded shares of Insperity from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Roth Capital upgraded shares of Insperity from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st.
In related news, EVP Arthur A. Arizpe sold 2,500 shares of Insperity stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $85.00, for a total transaction of $212,500.00. Following the sale, the executive vice president now directly owns 23,653 shares in the company, valued at approximately $2,010,505. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Richard G. Rawson sold 22,257 shares of Insperity stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $84.40, for a total transaction of $1,878,490.80. Following the sale, the president now owns 118,152 shares in the company, valued at $9,972,028.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,075 shares of company stock worth $6,703,461. 27.47% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of NSP. Norges Bank acquired a new stake in Insperity during the fourth quarter valued at approximately $16,263,000. Teachers Advisors LLC increased its stake in Insperity by 53.6% in the fourth quarter. Teachers Advisors LLC now owns 83,350 shares of the business services provider’s stock valued at $5,914,000 after buying an additional 29,092 shares in the last quarter. Bank of Montreal Can increased its stake in Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock valued at $156,000 after buying an additional 19 shares in the last quarter. Capital Impact Advisors LLC increased its stake in Insperity by 9.8% in the first quarter. Capital Impact Advisors LLC now owns 19,924 shares of the business services provider’s stock valued at $1,766,000 after buying an additional 1,774 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Insperity by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 2,070 shares of the business services provider’s stock valued at $183,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 82.58% of the company’s stock.
Shares of Insperity (NYSE:NSP) traded down 1.19% during trading on Thursday, hitting $83.00. 35,951 shares of the company’s stock were exchanged. Insperity has a 1-year low of $64.55 and a 1-year high of $93.65. The stock has a market cap of $1.73 billion, a PE ratio of 24.04 and a beta of 0.76. The stock’s 50-day moving average price is $74.91 and its 200-day moving average price is $80.15.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The company had revenue of $795.50 million for the quarter, compared to the consensus estimate of $778.88 million. During the same period last year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities analysts expect that Insperity will post $4.55 earnings per share for the current fiscal year.
Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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