Insperity (NYSE:NSP) Reaches New 1-Year Low – Time to Sell?

Insperity, Inc. (NYSE:NSP) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $32.47 and last traded at $32.9150, with a volume of 546850 shares. The stock had previously closed at $33.25.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Insperity from $51.00 to $34.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 4th. Truist Financial decreased their price target on Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Wall Street Zen cut shares of Insperity from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research lowered shares of Insperity from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Finally, Roth Capital reissued a “buy” rating and set a $71.00 target price on shares of Insperity in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $46.67.

Insperity Stock Performance

The company has a fifty day moving average price of $45.15 and a two-hundred day moving average price of $54.52. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 30.18 and a beta of 0.52. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.12 and a quick ratio of 1.12.

Insperity (NYSE:NSP) last released its earnings results on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.42). Insperity had a return on equity of 35.32% and a net margin of 0.60%.The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. Insperity’s revenue was up 4.0% on a year-over-year basis. As a group, equities research analysts expect that Insperity, Inc. will post 2.33 EPS for the current year.

Insider Activity at Insperity

In other news, CEO Paul J. Sarvadi sold 10,850 shares of the firm’s stock in a transaction on 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Randall Mehl bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $33.88 per share, for a total transaction of $33,880.00. Following the completion of the acquisition, the director directly owned 25,707 shares in the company, valued at approximately $870,953.16. The trade was a 4.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 5.29% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Insperity

A number of hedge funds and other institutional investors have recently modified their holdings of NSP. Caitong International Asset Management Co. Ltd grew its position in Insperity by 49.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 548 shares of the business services provider’s stock worth $33,000 after acquiring an additional 181 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Insperity by 32.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 182 shares during the last quarter. Arizona State Retirement System boosted its stake in Insperity by 2.5% in the third quarter. Arizona State Retirement System now owns 10,577 shares of the business services provider’s stock worth $520,000 after purchasing an additional 255 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Insperity by 13.6% during the first quarter. Assetmark Inc. now owns 2,308 shares of the business services provider’s stock worth $206,000 after purchasing an additional 276 shares during the last quarter. Finally, LRI Investments LLC increased its stake in shares of Insperity by 134.0% in the third quarter. LRI Investments LLC now owns 606 shares of the business services provider’s stock valued at $30,000 after buying an additional 347 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Company Profile

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.