Insperity Inc (NSP) Receives $132.33 Average Price Target from Analysts

Insperity Inc (NYSE:NSP) has earned an average recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $132.33.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Insperity from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 15th. ValuEngine raised shares of Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Roth Capital upped their target price on shares of Insperity from $134.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, February 19th. Finally, SunTrust Banks boosted their price target on shares of Insperity to $129.00 and gave the stock a “hold” rating in a research report on Tuesday, February 12th.

In other Insperity news, EVP Arthur A. Arizpe sold 8,000 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $130.00, for a total value of $1,040,000.00. Following the transaction, the executive vice president now directly owns 42,633 shares of the company’s stock, valued at approximately $5,542,290. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP James D. Allison sold 2,000 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $125.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president now directly owns 26,087 shares in the company, valued at $3,260,875. The disclosure for this sale can be found here. Insiders have sold a total of 133,974 shares of company stock worth $16,911,882 over the last three months. Insiders own 9.58% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NSP. Janus Henderson Group PLC raised its holdings in Insperity by 92.2% in the 3rd quarter. Janus Henderson Group PLC now owns 6,865 shares of the business services provider’s stock valued at $810,000 after acquiring an additional 3,293 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Insperity by 1,677.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,777 shares of the business services provider’s stock worth $209,000 after purchasing an additional 1,677 shares in the last quarter. Riverhead Capital Management LLC grew its position in shares of Insperity by 41.5% during the 3rd quarter. Riverhead Capital Management LLC now owns 3,068 shares of the business services provider’s stock worth $362,000 after purchasing an additional 900 shares in the last quarter. Jefferies Group LLC acquired a new position in shares of Insperity during the 3rd quarter worth approximately $338,000. Finally, LPL Financial LLC grew its position in shares of Insperity by 20.0% during the 3rd quarter. LPL Financial LLC now owns 3,060 shares of the business services provider’s stock worth $361,000 after purchasing an additional 510 shares in the last quarter. 82.77% of the stock is currently owned by hedge funds and other institutional investors.

NYSE NSP traded down $3.81 on Tuesday, reaching $121.06. The company had a trading volume of 618,037 shares, compared to its average volume of 317,023. The firm has a market cap of $4.99 billion, a PE ratio of 35.92, a PEG ratio of 1.65 and a beta of 1.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.86. Insperity has a 1-year low of $73.95 and a 1-year high of $132.50.

Insperity (NYSE:NSP) last announced its earnings results on Monday, February 11th. The business services provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.04. The firm had revenue of $966.80 million during the quarter, compared to analyst estimates of $959.22 million. Insperity had a net margin of 3.52% and a return on equity of 126.19%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 EPS. Equities research analysts forecast that Insperity will post 4.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Insperity’s previous quarterly dividend of $0.20. This represents a $1.20 annualized dividend and a yield of 0.99%. Insperity’s payout ratio is 35.61%.

Insperity Company Profile

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 include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.

Further Reading: Quiet Period Expirations

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