Insperity, Inc. (NSP) Lifted to Buy at Roth Capital
Roth Capital upgraded shares of Insperity, Inc. (NYSE:NSP) from a neutral rating to a buy rating in a research note released on Tuesday morning, Marketbeat reports. They currently have $92.00 target price on the business services provider’s stock, up from their previous target price of $84.00.
Several other research analysts have also recently issued reports on NSP. BidaskClub upgraded shares of Insperity from a strong sell rating to a sell rating in a report on Monday. Zacks Investment Research cut shares of Insperity from a hold rating to a sell rating in a report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $93.50.
Shares of Insperity (NYSE:NSP) remained flat at $84.25 on Tuesday. The company had a trading volume of 142,055 shares. Insperity has a 12 month low of $64.55 and a 12 month high of $93.65. The stock has a market capitalization of $1.73 billion, a P/E ratio of 24.38 and a beta of 0.76. The company’s 50-day moving average is $73.61 and its 200 day moving average is $79.71.
Insperity (NYSE:NSP) last issued its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.14. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The firm had revenue of $795.50 million for the quarter, compared to analysts’ expectations of $778.88 million. During the same quarter last year, the business earned $0.60 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Insperity will post $4.55 earnings per share for the current year.
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In related news, President Richard G. Rawson sold 51,000 shares of Insperity stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $84.94, for a total value of $4,331,940.00. Following the sale, the president now owns 128,868 shares in the company, valued at $10,946,047.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jay E. Mincks sold 859 shares of Insperity stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $84.60, for a total transaction of $72,671.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,318 shares of company stock worth $4,612,471. 27.47% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC bought a new stake in Insperity during the fourth quarter valued at $2,094,000. Norges Bank bought a new stake in Insperity during the fourth quarter valued at $16,263,000. Teachers Advisors LLC boosted its stake in Insperity by 53.6% in the fourth quarter. Teachers Advisors LLC now owns 83,350 shares of the business services provider’s stock valued at $5,914,000 after buying an additional 29,092 shares during the period. Copper Rock Capital Partners LLC boosted its stake 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. Finally, Bank of Montreal Can boosted its stake in Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock valued at $156,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.
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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