Insperity (NSP) Sets New 1-Year High on Analyst Upgrade
Shares of Insperity Inc (NYSE:NSP) hit a new 52-week high on Wednesday after Roth Capital raised their price target on the stock from $58.00 to $71.00. Roth Capital currently has a buy rating on the stock. Insperity traded as high as $64.05 and last traded at $64.20, with a volume of 267584 shares trading hands. The stock had previously closed at $61.60.
Other analysts have also issued reports about the company. SunTrust Banks reissued a “hold” rating and issued a $55.00 price objective on shares of Insperity in a report on Friday, November 3rd. They noted that the move was a valuation call. Robert W. Baird reissued a “buy” rating and issued a $56.00 price objective on shares of Insperity in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.25.
In other news, EVP Arthur A. Arizpe sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $117.01, for a total transaction of $585,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Paul J. Sarvadi sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $114.13, for a total value of $3,423,900.00. Following the transaction, the chairman now directly owns 252,248 shares of the company’s stock, valued at $28,789,064.24. The disclosure for this sale can be found here. Insiders have sold 44,319 shares of company stock valued at $5,079,072 over the last ninety days. Corporate insiders own 13.92% of the company’s stock.
The company has a market cap of $2,670.00, a price-to-earnings ratio of 31.92, a P/E/G ratio of 1.47 and a beta of 0.94. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02.
Insperity (NYSE:NSP) last posted its earnings results on Monday, February 12th. The business services provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.37). The company had revenue of $826.50 million for the quarter, compared to the consensus estimate of $813.28 million. Insperity had a net margin of 2.55% and a return on equity of 95.95%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $0.58 earnings per share. equities analysts anticipate that Insperity Inc will post 2.31 EPS for the current fiscal year.
Insperity declared that its Board of Directors has initiated a stock buyback program on Thursday, November 16th that allows the company to buyback 500,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.
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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