Insperity, Inc. (NSP) Given Average Recommendation of “” by Analysts
Shares of Insperity, Inc. (NYSE:NSP) have received a consensus broker rating score of 1.80 (Buy) from the five brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating and three have issued a strong buy rating on the company. Insperity’s rating score has improved by 18.2% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus price target of $97.25 for the company and are expecting that the company will post $0.98 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Insperity an industry rank of 212 out of 265 based on the ratings given to its competitors.
Several research firms have recently issued reports on NSP. Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and raised their price objective for the company from $84.00 to $92.00 in a research note on Tuesday, August 1st. Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Monday, August 7th. Finally, BidaskClub raised Insperity from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st.
Insperity (NYSE NSP) traded up 1.33% during midday trading on Tuesday, reaching $80.15. 73,549 shares of the company traded hands. Insperity has a one year low of $64.55 and a one year high of $93.65. The firm has a 50-day moving average price of $77.77 and a 200-day moving average price of $80.93. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 23.21 and a beta of 0.76.
Insperity (NYSE:NSP) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.14. The business had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $778.88 million. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Equities analysts predict that Insperity will post $4.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, September 7th. Insperity’s payout ratio is 34.68%.
In related news, President Richard G. Rawson sold 51,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $84.94, for a total transaction of $4,331,940.00. Following the completion of the sale, the president now directly owns 128,868 shares of the company’s stock, valued at approximately $10,946,047.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Arthur A. Arizpe sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $85.00, for a total value of $212,500.00. Following the sale, the executive vice president now directly owns 23,653 shares of the company’s stock, valued at $2,010,505. The disclosure for this sale can be found here. Insiders sold a total of 106,310 shares of company stock valued at $8,928,263 over the last ninety days. Corporate insiders own 13.92% of the company’s stock.
Large investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in shares of Insperity by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock worth $103,000 after buying an additional 217 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Insperity by 18.6% in the second quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock worth $114,000 after buying an additional 252 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Insperity during the first quarter worth about $129,000. Bank of Montreal Can raised its stake in shares of Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock worth $156,000 after buying an additional 19 shares in the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Insperity by 172.8% in the first quarter. LS Investment Advisors LLC now owns 1,972 shares of the business services provider’s stock worth $175,000 after buying an additional 1,249 shares in the last quarter. 79.72% of the stock is owned by hedge funds and other institutional investors.
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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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