Insperity (NSP) Price Target Increased to $71.00 by Analysts at Roth Capital

Insperity (NYSE:NSP) had its price target increased by stock analysts at Roth Capital from $58.00 to $71.00 in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the business services provider’s stock. Roth Capital’s price objective would suggest a potential upside of 15.26% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. SunTrust Banks restated a “hold” rating and set a $55.00 price objective on shares of Insperity in a report on Friday, November 3rd. They noted that the move was a valuation call. Robert W. Baird restated a “buy” rating and set a $56.00 price objective on shares of Insperity in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.60.

Insperity (NYSE NSP) traded up $0.30 during mid-day trading on Tuesday, hitting $61.60. 470,100 shares of the company’s stock traded hands, compared to its average volume of 222,412. The stock has a market capitalization of $2,570.00, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 1.38 and a beta of 0.94. Insperity has a 1-year low of $34.88 and a 1-year high of $64.00. 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 (NYSE:NSP) last posted its quarterly earnings data on Monday, February 12th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.37). Insperity had a net margin of 2.43% and a return on equity of 94.38%. The company had revenue of $826.50 million for the quarter, compared to analyst estimates of $813.28 million. During the same quarter last year, the company earned $0.58 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. sell-side analysts expect that Insperity will post 2.01 EPS for the current year.

Insperity declared that its Board of Directors has authorized a stock buyback program on Thursday, November 16th that allows the company to repurchase 500,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

In related news, President Richard G. Rawson sold 8,419 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $114.84, for a total value of $966,837.96. Following the transaction, the president now owns 97,410 shares in the company, valued at approximately $11,186,564.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Paul J. Sarvadi sold 30,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $114.13, for a total transaction of $3,423,900.00. Following the completion of the transaction, the chairman now owns 252,248 shares in the company, valued at approximately $28,789,064.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,319 shares of company stock worth $5,079,072. 13.92% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Insperity by 91.6% in the 4th quarter. BlackRock Inc. now owns 5,558,288 shares of the business services provider’s stock worth $318,769,000 after buying an additional 2,656,549 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in Insperity by 113.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,023,700 shares of the business services provider’s stock worth $58,709,000 after buying an additional 543,775 shares during the period. Mawer Investment Management Ltd. increased its holdings in Insperity by 112.2% in the 4th quarter. Mawer Investment Management Ltd. now owns 600,200 shares of the business services provider’s stock worth $34,421,000 after buying an additional 317,300 shares during the period. Renaissance Technologies LLC grew its stake in shares of Insperity by 45.4% during the 4th quarter. Renaissance Technologies LLC now owns 506,500 shares of the business services provider’s stock worth $29,048,000 after purchasing an additional 158,100 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Insperity by 71.7% during the 4th quarter. Bank of New York Mellon Corp now owns 506,094 shares of the business services provider’s stock worth $29,024,000 after purchasing an additional 211,266 shares during the period. Institutional investors own 44.36% of the company’s stock.

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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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