Zacks: Insperity, Inc. (NSP) Receives Average Recommendation of “Buy” from Brokerages
Insperity, Inc. (NYSE:NSP) has earned a consensus broker rating score of 2.20 (Buy) from the five analysts that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a hold recommendation and two have given a strong buy recommendation to the company.
Brokers have set a 12-month consensus price objective of $91.00 for the company and are anticipating that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also assigned Insperity an industry rank of 66 out of 265 based on the ratings given to related companies.
A number of equities research analysts have commented on NSP shares. Zacks Investment Research downgraded Insperity from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. BidaskClub raised Insperity from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th.
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In other news, Director Peter A. Feld sold 69,365 shares of Insperity stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $87.44, for a total transaction of $6,065,275.60. Following the completion of the transaction, the director now owns 5,041 shares of the company’s stock, valued at approximately $440,785.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jay E. Mincks sold 6,000 shares of Insperity stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $90.63, for a total value of $543,780.00. The disclosure for this sale can be found here. In the last three months, insiders sold 77,365 shares of company stock valued at $6,784,996. 27.47% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSP. BlackRock Inc. increased its position in Insperity by 31,621.5% in the first quarter. BlackRock Inc. now owns 2,803,548 shares of the business services provider’s stock valued at $248,536,000 after buying an additional 2,794,710 shares during the period. Vanguard Group Inc. increased its position in Insperity by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,151,051 shares of the business services provider’s stock valued at $190,691,000 after buying an additional 111,896 shares during the period. Copper Rock Capital Partners LLC increased its position in Insperity by 1.7% in the first quarter. Copper Rock Capital Partners LLC now owns 511,587 shares of the business services provider’s stock valued at $44,431,000 after buying an additional 8,642 shares during the period. State Street Corp increased its position in Insperity by 8.1% in the first quarter. State Street Corp now owns 403,901 shares of the business services provider’s stock valued at $35,803,000 after buying an additional 30,424 shares during the period. Finally, Rothschild Asset Management Inc. increased its position in Insperity by 3.8% in the first quarter. Rothschild Asset Management Inc. now owns 397,315 shares of the business services provider’s stock valued at $35,222,000 after buying an additional 14,406 shares during the period. 81.66% of the stock is owned by institutional investors and hedge funds.
Insperity (NYSE NSP) opened at 73.25 on Friday. The firm’s 50-day moving average is $73.83 and its 200-day moving average is $79.42. Insperity has a 52-week low of $64.55 and a 52-week high of $93.65. The firm has a market capitalization of $1.54 billion, a PE ratio of 22.62 and a beta of 0.75.
Insperity (NYSE:NSP) last released its earnings results on Monday, May 1st. The business services provider reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.02. Insperity had a return on equity of 94.46% and a net margin of 2.26%. The company had revenue of $882.66 million during the quarter, compared to the consensus estimate of $887.37 million. During the same quarter last year, the company earned $1.63 earnings per share. Insperity’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts anticipate that Insperity will post $4.33 earnings per share for the current year.
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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