Zacks Investment Research lowered shares of Insperity (NYSE:NSP) from a buy rating to a hold rating in a research note issued to investors on Monday.
According to Zacks, “Insperity is benefiting from improved client retention, diversified product portfolio, growth in worksite employees and strength in ancillary products. The company is well poised to benefit from the booming PEO industry driven by improving adoption of Insperity Workforce Optimization as well as Insperity Premier solutions. Shares have outperformed the industry in the past one year. However, stiff competition and rising healthcare costs can act as impediment to Insperity's growth.”
Separately, Roth Capital lifted their target price on shares of Insperity from $58.00 to $71.00 and gave the stock a buy rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $64.00.
NSP stock opened at $73.40 on Monday. The company has a market capitalization of $3,011.76, a P/E ratio of 35.98, a P/E/G ratio of 1.48 and a beta of 0.85. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. Insperity has a 52 week low of $34.88 and a 52 week high of $73.65.
Insperity (NYSE:NSP) last released its earnings results on Monday, February 12th. The business services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.37). The company had revenue of $826.50 million during the quarter, compared to analyst estimates of $813.28 million. Insperity had a return on equity of 102.86% and a net margin of 2.55%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $0.58 earnings per share. equities research analysts forecast that Insperity will post 2.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Shareholders of record on Thursday, March 8th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.09%. This is a boost from Insperity’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, March 7th. Insperity’s payout ratio is presently 39.22%.
In other Insperity news, Chairman Paul J. Sarvadi sold 45,000 shares of Insperity stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $61.58, for a total transaction of $2,771,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Douglas S. Sharp sold 3,000 shares of Insperity stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $70.17, for a total transaction of $210,510.00. Following the sale, the senior vice president now owns 31,955 shares of the company’s stock, valued at $2,242,282.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,751 shares of company stock valued at $7,471,328. Company insiders own 13.92% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in NSP. USA Mutuals Advisors Inc. acquired a new stake in Insperity during the 4th quarter valued at approximately $100,000. Mutual of America Capital Management LLC lifted its stake in Insperity by 100.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 2,000 shares of the business services provider’s stock valued at $115,000 after acquiring an additional 1,000 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Insperity by 100.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,200 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 1,100 shares during the period. Elkfork Partners LLC lifted its stake in shares of Insperity by 65.6% in the 4th quarter. Elkfork Partners LLC now owns 2,768 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 1,096 shares during the period. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Insperity in the 4th quarter valued at $203,000. Institutional investors and hedge funds own 83.49% of the company’s stock.
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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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