Insperity Inc. (NSP) Downgraded by Zacks Investment Research to “Sell”
According to Zacks, “Insperity is well placed to benefit from the booming PEO industry over the long run. Moreover, improved client retention, diversified product portfolio, growth in worksite employees and strength in its ancillary products are the other positives. However, a sluggish global macro environment can lead to headcount reductions at client companies. Also, any increase in health care costs can mar its profitability to a great extent.”
Separately, First Analysis lowered Insperity from an overweight rating to an equal weight rating and set a $84.00 price objective for the company. in a report on Thursday, July 7th.
Insperity (NYSE:NSP) opened at 73.83 on Monday. The firm’s 50-day moving average is $68.85 and its 200 day moving average is $67.13. Insperity has a 12-month low of $41.83 and a 12-month high of $82.18. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 27.90 and a beta of 1.00.
Insperity (NYSE:NSP) last posted its earnings results on Monday, August 1st. The company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. The business earned $707.33 million during the quarter, compared to analyst estimates of $720.85 million. Insperity had a return on equity of 50.25% and a net margin of 2.17%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, equities analysts expect that Insperity will post $3.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were given a $0.25 dividend. The ex-dividend date was Thursday, September 15th. This represents a $1.00 annualized dividend and a yield of 1.36%. Insperity’s payout ratio is currently 36.76%.
In other Insperity news, EVP Jay E. Mincks sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $69.00, for a total value of $138,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael W. Brown sold 20,513 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $67.02, for a total value of $1,374,781.26. Following the completion of the sale, the director now owns 16,058 shares of the company’s stock, valued at approximately $1,076,207.16. The disclosure for this sale can be found here. 27.47% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Aperio Group LLC increased its position in shares of Insperity by 10.3% in the first quarter. Aperio Group LLC now owns 4,986 shares of the company’s stock worth $258,000 after buying an additional 467 shares in the last quarter. Smith Asset Management Group LP increased its position in shares of Insperity by 120,991.7% in the second quarter. Smith Asset Management Group LP now owns 29,062 shares of the company’s stock worth $2,244,000 after buying an additional 29,038 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Insperity by 57.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 72,540 shares of the company’s stock worth $3,752,000 after buying an additional 26,380 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Insperity by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 374,184 shares of the company’s stock worth $28,899,000 after buying an additional 5,586 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in shares of Insperity during the second quarter worth approximately $1,099,000. Institutional investors own 82.24% of the company’s stock.
Insperity, Inc (Insperity) provides an array 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, government compliance, performance management, and training and development services.
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