Zacks: Insperity, Inc. (NSP) Given $99.75 Consensus Target Price by Analysts
Insperity, Inc. (NYSE:NSP) has earned a consensus broker rating score of 1.80 (Buy) from the five analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a strong buy recommendation to the company.
Brokerages have set a 12-month consensus price objective of $99.75 for the company and are predicting that the company will post $0.91 EPS for the current quarter, according to Zacks. Zacks has also given Insperity an industry rank of 81 out of 265 based on the ratings given to its competitors.
A number of brokerages have issued reports on NSP. Zacks Investment Research lowered Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub raised Insperity from a “sell” rating to a “hold” rating in a research report on Sunday, August 6th. Finally, Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and upped their target price for the company from $84.00 to $92.00 in a research report on Tuesday, August 1st.
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In other news, President Richard G. Rawson sold 22,257 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $84.40, for a total value of $1,878,490.80. Following the completion of the sale, the president now directly owns 118,152 shares in the company, valued at approximately $9,972,028.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Arthur A. Arizpe sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $85.00, for a total value of $212,500.00. Following the completion of the sale, the executive vice president now owns 23,653 shares of the company’s stock, valued at $2,010,505. The disclosure for this sale can be found here. Insiders sold a total of 60,083 shares of company stock valued at $5,029,682 over the last quarter. Company insiders own 27.47% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Suntrust Banks Inc. increased its holdings in shares of Insperity by 1.6% in the 2nd quarter. Suntrust Banks Inc. now owns 3,457 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 53 shares during the last quarter. Albion Financial Group UT grew its stake in Insperity by 1.8% during the 2nd quarter. Albion Financial Group UT now owns 3,358 shares of the business services provider’s stock worth $238,000 after buying an additional 60 shares during the last quarter. First National Bank of Hutchinson grew its stake in Insperity by 1.1% during the 2nd quarter. First National Bank of Hutchinson now owns 6,216 shares of the business services provider’s stock worth $453,000 after buying an additional 66 shares during the last quarter. Alps Advisors Inc. grew its stake in Insperity by 1.5% during the 2nd quarter. Alps Advisors Inc. now owns 5,868 shares of the business services provider’s stock worth $417,000 after buying an additional 86 shares during the last quarter. Finally, Renaissance Group LLC grew its stake in Insperity by 2.4% during the 2nd quarter. Renaissance Group LLC now owns 4,010 shares of the business services provider’s stock worth $285,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.
Insperity (NYSE:NSP) last announced its earnings results on Wednesday, November 1st. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.16. Insperity had a return on equity of 94.38% and a net margin of 2.43%. The company had revenue of $795.50 million for the quarter, compared to analyst estimates of $786.44 million. During the same period in the prior year, the company posted $0.78 EPS. Insperity’s quarterly revenue was up 13.2% on a year-over-year basis.
Insperity Company Profile
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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