Insperity Rating Increased to Neutral at Zacks (NSP)
Insperity (NYSE:NSP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Monday, ARN reports. The firm currently has a $37.00 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 2.52% from the company’s current price.
Separately, analysts at Roth Capital raised their price target on shares of Insperity from $43.00 to $45.00 in a research note to investors on Tuesday, November 5th. They now have a “buy” rating on the stock.
Insperity (NYSE:NSP) traded down 0.86% on Monday, hitting $35.78. 38,507 shares of the company’s stock traded hands. Insperity has a 52-week low of $26.44 and a 52-week high of $39.69. The stock’s 50-day moving average is $34.58 and its 200-day moving average is $34.54. The company has a market cap of $914.9 million and a P/E ratio of 25.78.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.03. The company had revenue of $539.90 million for the quarter, compared to the consensus estimate of $546.05 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Insperity will post $1.38 EPS for the current fiscal year.
In other Insperity news, COO Arthur Arizpe sold 3,000 shares of the stock on the open market in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $36.00, for a total transaction of $108,000.00. Following the completion of the sale, the chief operating officer now directly owns 112,492 shares of the company’s stock, valued at approximately $4,049,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Insperity, Inc, formerly Administaff, Inc, is a provider of human resources (NYSE:NSP) and business performance solutions.
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