Insperity (NYSE:NSP) had its price objective increased by SunTrust Banks to $129.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has a “hold” rating on the business services provider’s stock. SunTrust Banks’ price objective would suggest a potential downside of 2.25% from the company’s previous close.
Several other analysts also recently commented on the company. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Tuesday, February 5th. ValuEngine upgraded Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Finally, Robert W. Baird increased their target price on Insperity from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, November 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Insperity currently has an average rating of “Buy” and a consensus target price of $119.80.
Insperity stock opened at $131.97 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $4.64 billion, a P/E ratio of 64.69, a P/E/G ratio of 1.62 and a beta of 0.94. Insperity has a twelve month low of $58.25 and a twelve month high of $132.00.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Monday, February 11th. The business services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $966.80 million for the quarter, compared to the consensus estimate of $959.22 million. Insperity had a return on equity of 123.25% and a net margin of 3.41%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 EPS. On average, analysts expect that Insperity will post 3.35 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of NSP. Raymond James & Associates boosted its stake in Insperity by 173.6% during the 2nd quarter. Raymond James & Associates now owns 11,296 shares of the business services provider’s stock valued at $1,076,000 after purchasing an additional 7,168 shares during the last quarter. FMR LLC lifted its holdings in shares of Insperity by 118.6% during the 2nd quarter. FMR LLC now owns 991,464 shares of the business services provider’s stock valued at $94,437,000 after buying an additional 537,846 shares during the period. United Services Automobile Association lifted its holdings in shares of Insperity by 25.2% during the 2nd quarter. United Services Automobile Association now owns 7,990 shares of the business services provider’s stock valued at $761,000 after buying an additional 1,606 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Insperity by 3.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,693 shares of the business services provider’s stock valued at $1,497,000 after buying an additional 477 shares during the period. Finally, Scout Investments Inc. lifted its holdings in shares of Insperity by 2.2% during the 3rd quarter. Scout Investments Inc. now owns 82,513 shares of the business services provider’s stock valued at $9,732,000 after buying an additional 1,763 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.
Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.
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