Zacks: Insperity, Inc. (NSP) Given $97.25 Consensus Price Target by Brokerages
Shares of Insperity, Inc. (NYSE:NSP) have received an average broker rating score of 1.80 (Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. Insperity’s rating score has improved by 18.2% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus price target of $97.25 for the company and are forecasting that the company will post $0.98 earnings per share for the current quarter, according to Zacks. Zacks has also given Insperity an industry rank of 209 out of 265 based on the ratings given to its competitors.
A number of brokerages have weighed in on NSP. BidaskClub lowered Insperity from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Monday, August 7th. Finally, Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and increased their price target for the stock from $84.00 to $92.00 in a research note on Tuesday, August 1st.
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In other news, President Richard G. Rawson sold 51,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $84.94, for a total transaction of $4,331,940.00. Following the completion of the sale, the president now directly owns 128,868 shares in the company, valued at approximately $10,946,047.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mckenna Michelle sold 600 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $79.69, for a total value of $47,814.00. Following the sale, the director now owns 1,145 shares of the company’s stock, valued at $91,245.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,310 shares of company stock valued at $8,928,263. Insiders own 27.47% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in Insperity by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock worth $103,000 after buying an additional 217 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Insperity by 18.6% in the second quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock worth $114,000 after buying an additional 252 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Insperity during the first quarter worth approximately $129,000. Bank of Montreal Can increased 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 worth $156,000 after buying an additional 19 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in Insperity by 172.8% in the first quarter. LS Investment Advisors LLC now owns 1,972 shares of the business services provider’s stock worth $175,000 after buying an additional 1,249 shares during the last quarter. Institutional investors and hedge funds own 79.72% of the company’s stock.
Insperity (NYSE NSP) traded up 1.43% during midday trading on Tuesday, hitting $81.45. The company had a trading volume of 12,496 shares. The stock has a market cap of $1.70 billion, a PE ratio of 23.59 and a beta of 0.76. The stock’s 50-day moving average price is $78.71 and its 200-day moving average price is $81.14. Insperity has a 52-week low of $64.55 and a 52-week high of $93.65.
Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The company had revenue of $795.50 million for the quarter, compared to analyst estimates of $778.88 million. During the same quarter in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities research analysts expect that Insperity will post $4.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, September 7th. Insperity’s dividend payout ratio is presently 34.68%.
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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