Insperity (NYSE: NSP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report released Thursday to clients and investors, Zacks.com reports. They currently have a target price of $79.00 on shares of the business service provider. Zacks Investment Research’s price target would suggest a potential decline of 13.46% from the company’s current price.
According to Zacks, “Insperity continues to face rising operating expenses due to significant investments in growth, technology, product and service offerings. The company’s earnings are highly seasonal in nature. due to changing trends in medical claims costs and payroll taxes.Operating in a highly fragmented and competitive PEO industry remains a concern.Partly as a result of these headwinds, the company’s stock declined in the past six months. On the other hand, the company remains well positioned to benefit from the booming industry of professional employer organizations. -line continues to benefit from an increase in the average number of site employees. paid monthly Its consistency in rewarding shareholders with dividend payments and share buybacks is building investor confidence and positively impacting earnings per share. tion.”
Several other analysts have also weighed in on the company recently. TheStreet upgraded Insperity from a “b” to a “c+” rating in a Friday, February 11 research report. StockNews.com upgraded Insperity from a “strong buy” rating to a “buy” rating in a Friday, February 11 research report. Finally, Roth Capital raised its price target on Insperity from $116.00 to $158.00 and gave the company a “buy” rating in a Tuesday, November 2 research report. One research analyst rated the stock with a sell rating, one assigned a hold rating and four assigned the company a buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $113.08.
NYSE: NSP traded down $1.55 at midday on Thursday, hitting $91.29. 1,989 shares of the company were traded, compared to its average volume of 177,863. Insperity has a 12-month low of $75.24 and a 12-month high of $129.32. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 29.93, a growth price-to-earnings ratio of 1.73 and a beta of 1.53. The company has a debt ratio of 3.81, a current ratio of 1.20 and a quick ratio of 1.20. The company’s 50-day moving average is $108.66.
Insperity (NYSE:NSP) last reported quarterly results on Thursday, February 10. The business services provider reported earnings per share (EPS) of $0.34 for the quarter, missing analyst consensus estimates of $0.74 per ($0.40). Insperity had a net margin of 2.50% and a return on equity of 156.48%. The company posted revenue of $1.29 billion for the quarter, compared to $1.24 billion for analysts. In the same quarter of the previous year, the company achieved EPS of $0.11. The company’s revenue for the quarter increased 22.2% year over year. On average, research analysts expect Insperity to post earnings per share of 3.55 for the current fiscal year.
Several institutional investors and hedge funds have recently increased or reduced their stake in NSP. First Trust Advisors LP increased its position in Insperity shares by 4.6% during the first quarter. First Trust Advisors LP now owns 50,686 shares of the business services provider worth $6,268,000 after acquiring an additional 2,212 shares during the period. Commonwealth Equity Services LLC increased its holdings of Insperity shares by 12.1% during the second quarter. Commonwealth Equity Services LLC now owns 3,373 shares of the business services provider worth $304,000 after buying 364 additional shares in the last quarter. Vanguard Group Inc. increased its holdings of Insperity shares by 1.8% during the second quarter. Vanguard Group Inc. now owns 3,682,210 shares of the business services provider worth $332,762,000 after buying an additional 65,591 shares in the last quarter. Geode Capital Management LLC increased its holdings of Insperity shares by 4.0% during the second quarter. Geode Capital Management LLC now owns 598,794 shares of the business services provider worth $54,113,000 after purchasing an additional 22,866 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in Insperity shares by 6.8% during the second quarter. Stifel Financial Corp now owns 16,257 shares of the business services provider worth $1,469,000 after buying an additional 1,039 shares in the last quarter. 87.91% of the shares are held by institutional investors and hedge funds.
Insperity, Inc is committed to providing human resources and business solutions. The company offers payroll and employment administration, benefits, workers’ compensation, government compliance, performance management, and training and development services. It also provides cloud-based software solutions, including human capital management, payroll services, time and attendance, organizational planning, recruitment services, job selection, expense management services, pension services and insurance services.
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