Insperity Inc (NSP) Receives Average Recommendation of “Hold” from Brokerages
Insperity Inc (NYSE:NSP) has received a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $51.50.
A number of equities analysts recently commented on the company. Robert W. Baird restated a “buy” rating and set a $56.00 target price on shares of Insperity in a report on Friday, November 10th. SunTrust Banks reiterated a “hold” rating and issued 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. Finally, Zacks Investment Research downgraded Insperity from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd.
Insperity (NSP) opened at $57.30 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $2,384.42, a P/E ratio of 30.89, a P/E/G ratio of 1.58 and a beta of 0.92. Insperity has a twelve month low of $34.60 and a twelve month high of $60.35.
Insperity (NYSE:NSP) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $795.50 million during the quarter, compared to the consensus estimate of $786.44 million. Insperity had a return on equity of 81.52% and a net margin of 2.41%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. research analysts expect that Insperity will post 2.01 EPS for the current year.
The company also recently disclosed a dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were issued a $0.30 dividend. The ex-dividend date was Friday, December 1st. Insperity’s dividend payout ratio (DPR) is 32.35%.
Insperity declared that its board has initiated a share repurchase program on Thursday, November 16th that permits the company to repurchase 500,000 shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
In other news, SVP Daniel D. Herink sold 4,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $102.39, for a total value of $409,560.00. Following the sale, the senior vice president now directly owns 15,014 shares of the company’s stock, valued at $1,537,283.46. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Arthur A. Arizpe sold 5,000 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $117.01, for a total value of $585,050.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 586,667 shares of company stock valued at $105,600 and sold 357,209 shares valued at $14,933,644. 27.47% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in NSP. Algert Global LLC purchased a new position in Insperity in the third quarter worth about $2,972,000. California Public Employees Retirement System boosted its position in Insperity by 2.5% in the third quarter. California Public Employees Retirement System now owns 53,930 shares of the business services provider’s stock worth $4,746,000 after purchasing an additional 1,308 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Insperity by 45.8% in the third quarter. Janney Montgomery Scott LLC now owns 9,103 shares of the business services provider’s stock worth $801,000 after purchasing an additional 2,860 shares during the last quarter. Caxton Associates LP purchased a new position in Insperity in the third quarter worth about $431,000. Finally, Allianz Asset Management GmbH boosted its position in Insperity by 7.7% in the third quarter. Allianz Asset Management GmbH now owns 161,139 shares of the business services provider’s stock worth $14,180,000 after purchasing an additional 11,469 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors.
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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