Insperity Inc (NSP) Given Average Rating of “Hold” by Brokerages

Insperity Inc (NYSE:NSP) has been assigned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $51.50.

NSP has been the subject of a number of research reports. Robert W. Baird reaffirmed a “buy” rating and set a $56.00 target price on shares of Insperity in a report on Friday, November 10th. SunTrust Banks reissued a “hold” rating and issued a $55.00 price target on shares of Insperity in a report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Insperity from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd.

Shares of Insperity (NYSE:NSP) opened at $62.10 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. Insperity has a twelve month low of $34.60 and a twelve month high of $118.30. The company has a market capitalization of $2,590.00, a PE ratio of 33.39, a P/E/G ratio of 1.42 and a beta of 0.91.

Insperity (NYSE:NSP) last released its earnings results on Wednesday, November 1st. The business services provider reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.08. Insperity had a return on equity of 94.38% and a net margin of 2.43%. The firm had revenue of $795.50 million during the quarter, compared to the consensus estimate of $786.44 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year. analysts expect that Insperity will post 2.01 EPS for the current fiscal year.

Insperity declared that its Board of Directors has initiated a share buyback plan on Thursday, November 16th that authorizes the company to repurchase 500,000 shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

In other news, EVP Arthur A. Arizpe sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $117.01, for a total transaction of $585,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dave Eto bought 166,667 shares of Insperity stock in a transaction dated Friday, October 20th. The shares were acquired at an average cost of $0.18 per share, with a total value of $30,000.06. Insiders sold 141,118 shares of company stock valued at $14,047,005 over the last three months. 13.92% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Shaker Investments LLC OH acquired a new position in shares of Insperity during the 3rd quarter worth approximately $238,000. New Amsterdam Partners LLC NY acquired a new position in shares of Insperity during the 3rd quarter worth approximately $3,858,000. New York State Common Retirement Fund raised its stake in shares of Insperity by 17.5% during the 2nd quarter. New York State Common Retirement Fund now owns 31,942 shares of the business services provider’s stock worth $2,268,000 after buying an additional 4,761 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Insperity by 6.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 403,874 shares of the business services provider’s stock worth $35,197,000 after buying an additional 23,527 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Insperity by 4.7% during the 2nd quarter. BlackRock Inc. now owns 2,935,048 shares of the business services provider’s stock worth $208,390,000 after buying an additional 131,500 shares during the period. 40.29% of the stock is owned by institutional investors and hedge funds.

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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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