Insperity (NYSE:NSP) Upgraded at Zacks Research

Insperity (NYSE:NSP) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other brokerages have also recently issued reports on NSP. Truist Financial reduced their price objective on Insperity from $50.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, November 4th. Wall Street Zen lowered shares of Insperity from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. lowered their price objective on shares of Insperity from $51.00 to $34.00 and set an “underweight” rating for the company in a research report on Tuesday, November 4th. Roth Capital set a $62.00 price objective on shares of Insperity in a research note on Monday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Insperity in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Insperity currently has an average rating of “Reduce” and a consensus target price of $48.25.

Insperity Price Performance

NSP opened at $42.74 on Monday. The company has a market capitalization of $1.61 billion, a P/E ratio of 92.90 and a beta of 0.47. The company has a 50-day moving average of $36.91 and a 200-day moving average of $47.67. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.12 and a current ratio of 1.12. Insperity has a 1-year low of $31.00 and a 1-year high of $95.98.

Insperity (NYSE:NSP) last posted its quarterly earnings results on Tuesday, November 4th. The business services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.42). Insperity had a return on equity of 12.53% and a net margin of 0.25%.The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts expect that Insperity will post 2.33 EPS for the current fiscal year.

Insider Transactions at Insperity

In other Insperity news, Director Randall Mehl bought 2,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average cost of $34.25 per share, for a total transaction of $68,500.00. Following the transaction, the director directly owned 24,707 shares in the company, valued at $846,214.75. The trade was a 8.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Insperity

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vident Advisory LLC bought a new position in Insperity in the 1st quarter valued at about $215,000. Royal Bank of Canada raised its holdings in Insperity by 205.4% during the first quarter. Royal Bank of Canada now owns 107,404 shares of the business services provider’s stock worth $9,583,000 after purchasing an additional 72,241 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Insperity by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,384 shares of the business services provider’s stock worth $1,908,000 after purchasing an additional 948 shares in the last quarter. Millennium Management LLC lifted its position in Insperity by 533.8% in the first quarter. Millennium Management LLC now owns 323,875 shares of the business services provider’s stock worth $28,899,000 after purchasing an additional 272,778 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Insperity during the 1st quarter valued at $218,000. 93.44% of the stock is currently owned by institutional investors.

About Insperity

Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.

The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.