Insperity (NYSE:NSP) had its price objective raised by stock analysts at Robert W. Baird from $110.00 to $125.00 in a research note issued on Friday. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 12.42% from the company’s previous close.
A number of other equities research analysts have also weighed in on NSP. Roth Capital lifted their price objective on Insperity from $88.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research report on Tuesday, August 7th. Finally, First Analysis reiterated an “equal weight” rating on shares of Insperity in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $110.80.
NSP traded down $0.07 on Friday, hitting $111.19. 286,685 shares of the company were exchanged, compared to its average volume of 294,716. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.15 and a quick ratio of 1.15. Insperity has a 12 month low of $50.05 and a 12 month high of $121.15. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 54.50, a PEG ratio of 1.90 and a beta of 0.81.
Insperity (NYSE:NSP) last posted its quarterly earnings results 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 122.44% and a net margin of 3.06%. The business had revenue of $925.13 million for the quarter, compared to analyst estimates of $935.62 million. During the same period last year, the company earned $1.14 EPS. Insperity’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Insperity will post 3.17 EPS for the current year.
In other news, SVP Douglas S. Sharp sold 1,823 shares of Insperity stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $115.60, for a total value of $210,738.80. Following the sale, the senior vice president now directly owns 19,967 shares in the company, valued at approximately $2,308,185.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Paul J. Sarvadi sold 45,000 shares of Insperity stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $104.97, for a total value of $4,723,650.00. Following the completion of the sale, the chairman now owns 582,052 shares in the company, valued at $61,097,998.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 166,192 shares of company stock worth $18,290,208. Corporate insiders own 9.58% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its stake in shares of Insperity by 3.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,693 shares of the business services provider’s stock valued at $1,497,000 after purchasing an additional 477 shares during the period. First National Bank of Hutchinson lifted its stake in shares of Insperity by 5.8% in the 3rd quarter. First National Bank of Hutchinson now owns 9,433 shares of the business services provider’s stock valued at $1,113,000 after purchasing an additional 516 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Insperity by 5.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 11,110 shares of the business services provider’s stock valued at $1,058,000 after purchasing an additional 620 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Insperity by 53.8% in the 2nd quarter. Macquarie Group Ltd. now owns 2,000 shares of the business services provider’s stock valued at $191,000 after purchasing an additional 700 shares during the period. Finally, Comerica Bank lifted its stake in shares of Insperity by 1.9% in the 2nd quarter. Comerica Bank now owns 39,953 shares of the business services provider’s stock valued at $3,951,000 after purchasing an additional 736 shares during the period. Institutional investors own 82.53% of the company’s stock.
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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