Insperity, Inc. (NSP) Stock Rating Reaffirmed by SunTrust Banks, Inc.
Insperity, Inc. (NYSE:NSP)‘s stock had its “hold” rating reiterated by investment analysts at SunTrust Banks, Inc. in a note issued to investors on Friday. They presently have a $110.00 price objective on the business services provider’s stock. SunTrust Banks, Inc.’s target price indicates a potential upside of 9.51% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other equities research analysts also recently issued reports on NSP. BidaskClub raised Insperity from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $84.00 to $92.00 in a research note on Tuesday, August 1st. Finally, Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Insperity currently has a consensus rating of “Hold” and an average price target of $97.20.
Shares of Insperity (NYSE:NSP) opened at $100.45 on Friday. The stock has a market capitalization of $2,093.67, a PE ratio of 26.86, a P/E/G ratio of 1.42 and a beta of 0.82. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.16 and a quick ratio of 1.16. Insperity has a one year low of $67.55 and a one year high of $104.50.
Insperity (NYSE:NSP) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. The firm 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 94.38% and a net margin of 2.43%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS. analysts predict that Insperity will post 3.94 earnings per share for the current year.
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In other news, Chairman Paul J. Sarvadi sold 5,742 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $84.05, for a total transaction of $482,615.10. Following the transaction, the chairman now owns 252,248 shares of the company’s stock, valued at approximately $21,201,444.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Paul J. Sarvadi sold 14,793 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $80.02, for a total value of $1,183,735.86. Following the transaction, the chairman now directly owns 252,248 shares in the company, valued at approximately $20,184,884.96. The disclosure for this sale can be found here. Insiders have sold a total of 35,326 shares of company stock valued at $2,938,691 over the last ninety days. Company insiders own 13.92% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings 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 valued at $208,390,000 after acquiring an additional 131,500 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Insperity by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 2,151,051 shares of the business services provider’s stock valued at $190,691,000 after acquiring an additional 111,896 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Insperity during the 3rd quarter valued at about $42,234,000. State Street Corp increased its holdings in shares of Insperity by 9.2% during the 2nd quarter. State Street Corp now owns 440,908 shares of the business services provider’s stock valued at $31,305,000 after acquiring an additional 37,007 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Insperity by 8.7% during the 3rd quarter. Prudential Financial Inc. now owns 419,410 shares of the business services provider’s stock valued at $36,908,000 after acquiring an additional 33,699 shares during the last quarter. 81.74% of the stock is currently owned by institutional investors and hedge funds.
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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