Truist Financial Has Lowered Expectations for Insperity (NYSE:NSP) Stock Price

Insperity (NYSE:NSP) had its target price reduced by equities research analysts at Truist Financial from $50.00 to $35.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective would indicate a potential downside of 9.15% from the company’s previous close.

A number of other research analysts have also commented on the company. Roth Capital decreased their price objective on Insperity from $85.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, August 4th. JPMorgan Chase & Co. lowered their price target on shares of Insperity from $51.00 to $34.00 and set an “underweight” rating on the stock in a research report on Tuesday. Wall Street Zen upgraded shares of Insperity from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Insperity in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Insperity from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Insperity currently has a consensus rating of “Reduce” and an average price target of $47.67.

Insperity Stock Performance

Shares of NYSE NSP traded down $6.56 during mid-day trading on Tuesday, reaching $38.53. 1,035,009 shares of the company were exchanged, compared to its average volume of 536,466. The stock has a market capitalization of $1.45 billion, a P/E ratio of 36.46 and a beta of 0.46. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.29. The company’s 50-day simple moving average is $49.71 and its 200-day simple moving average is $57.63. Insperity has a twelve month low of $33.00 and a twelve month high of $95.98.

Insperity (NYSE:NSP) last issued its quarterly earnings data on Friday, August 1st. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.15). Insperity had a return on equity of 35.32% and a net margin of 0.60%.The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts predict that Insperity will post 2.33 earnings per share for the current year.

Insider Buying and Selling at Insperity

In other Insperity news, Director Latha Ramchand bought 1,000 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were purchased at an average price of $50.64 per share, for a total transaction of $50,640.00. Following the completion of the transaction, the director directly owned 15,120 shares in the company, valued at approximately $765,676.80. The trade was a 7.08% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Paul J. Sarvadi sold 10,850 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $51.98, for a total transaction of $563,983.00. Following the completion of the transaction, the chief executive officer directly owned 428,001 shares of the company’s stock, valued at $22,247,491.98. This trade represents a 2.47% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.29% of the company’s stock.

Hedge Funds Weigh In On Insperity

A number of institutional investors have recently added to or reduced their stakes in NSP. Crossmark Global Holdings Inc. bought a new position in shares of Insperity in the 1st quarter valued at $222,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Insperity in the first quarter valued at about $268,000. Strs Ohio bought a new position in Insperity in the first quarter valued at about $321,000. Teacher Retirement System of Texas boosted its stake in shares of Insperity by 30.3% during the second quarter. Teacher Retirement System of Texas now owns 90,441 shares of the business services provider’s stock valued at $5,437,000 after purchasing an additional 21,027 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Insperity by 85.6% in the first quarter. AQR Capital Management LLC now owns 308,017 shares of the business services provider’s stock valued at $27,078,000 after buying an additional 142,043 shares during the period. 93.44% of the stock is currently owned by institutional investors and hedge funds.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.