Insperity Inc (NYSE:NSP) Receives $68.75 Average PT from Brokerages

Shares of Insperity Inc (NYSE:NSP) have been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $68.75.

A number of research firms recently issued reports on NSP. Piper Sandler began coverage on shares of Insperity in a report on Thursday, April 9th. They set an “overweight” rating and a $74.00 price objective for the company. Roth Capital decreased their price objective on shares of Insperity from $97.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Zacks Investment Research downgraded shares of Insperity from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research note on Friday, May 22nd. SunTrust Banks lifted their target price on shares of Insperity from $56.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, ValuEngine upgraded shares of Insperity from a “sell” rating to a “hold” rating in a research note on Friday, May 1st.

In other news, EVP Jay E. Mincks sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $52.70, for a total value of $131,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John M. Morphy sold 1,300 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $53.06, for a total transaction of $68,978.00. Following the completion of the sale, the director now owns 6,940 shares of the company’s stock, valued at $368,236.40. The disclosure for this sale can be found here. Insiders own 6.86% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of NSP. Tower Research Capital LLC TRC lifted its stake in Insperity by 177.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 840 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 537 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Insperity by 4.6% during the fourth quarter. Bank of New York Mellon Corp now owns 467,768 shares of the business services provider’s stock worth $40,247,000 after purchasing an additional 20,540 shares during the period. Texas Permanent School Fund lifted its holdings in shares of Insperity by 24.3% during the first quarter. Texas Permanent School Fund now owns 31,976 shares of the business services provider’s stock worth $1,193,000 after purchasing an additional 6,259 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Insperity by 203.2% during the first quarter. Two Sigma Advisers LP now owns 178,280 shares of the business services provider’s stock worth $6,650,000 after purchasing an additional 119,480 shares during the period. Finally, Boston Trust Walden Corp acquired a new stake in shares of Insperity during the first quarter worth about $6,642,000. 86.87% of the stock is currently owned by institutional investors.

NSP opened at $63.39 on Tuesday. Insperity has a fifty-two week low of $22.59 and a fifty-two week high of $144.92. The company’s 50-day moving average is $54.54 and its 200 day moving average is $63.89. The company has a debt-to-equity ratio of 66.05, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $2.38 billion, a P/E ratio of 18.59, a PEG ratio of 1.50 and a beta of 1.70.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Monday, May 4th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.09. Insperity had a net margin of 3.12% and a return on equity of 310.00%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted $1.98 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that Insperity will post 2.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a dividend of $0.40 per share. The ex-dividend date was Friday, June 5th. This represents a $1.60 annualized dividend and a yield of 2.52%. Insperity’s payout ratio is presently 43.24%.

About Insperity

Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which 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.

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