JPMorgan Chase & Co. Lowers Insperity (NYSE:NSP) Price Target to $51.00

Key Points

• JPMorgan Chase & Co. has reduced Insperity's price target from $68.00 to $51.00, maintaining an "underweight" rating on the stock.
• Insperity's recent earnings report showed an EPS of $0.26, falling short of analysts' expectations of $0.41, while revenue met estimates at $1.66 billion.
• Several institutional investors have increased their stakes in Insperity, with T. Rowe Price investing about $39.2 million during the fourth quarter.

Insperity (NYSE:NSP - Free Report) had its target price cut by JPMorgan Chase & Co. from $68.00 to $51.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an underweight rating on the business services provider's stock.

Several other research firms have also issued reports on NSP. Wall Street Zen lowered Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th. Truist Financial decreased their target price on Insperity from $70.00 to $50.00 and set a "hold" rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $58.33.

Insperity Stock Performance

Shares of NYSE NSP traded up $2.28 during mid-day trading on Monday, hitting $52.78. The company had a trading volume of 399,699 shares, compared to its average volume of 513,038. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 49.71 and a beta of 0.47. Insperity has a 1 year low of $44.14 and a 1 year high of $95.98. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 3.29. The stock's 50-day moving average price is $59.63 and its 200-day moving average price is $72.88.

Insperity (NYSE:NSP - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.15). The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Insperity had a return on equity of 35.32% and a net margin of 0.60%. Insperity's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. On average, sell-side analysts forecast that Insperity will post 2.33 earnings per share for the current year.

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.60 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a yield of 4.5%. Insperity's dividend payout ratio is currently 226.42%.

Insider Buying and Selling

In related news, Director Carol R. Kaufman acquired 5,000 shares of the firm's stock in a transaction on Monday, August 4th. The stock was bought at an average price of $45.24 per share, for a total transaction of $226,200.00. Following the completion of the purchase, the director directly owned 47,067 shares of the company's stock, valued at approximately $2,129,311.08. The trade was a 11.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eli Jones bought 2,204 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of $45.41 per share, with a total value of $100,083.64. Following the purchase, the director directly owned 12,847 shares of the company's stock, valued at approximately $583,382.27. This trade represents a 20.71% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 20,194 shares of company stock valued at $925,981 over the last quarter. 5.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Private Trust Co. NA increased its stake in Insperity by 279.1% during the 1st quarter. Private Trust Co. NA now owns 326 shares of the business services provider's stock worth $29,000 after buying an additional 240 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Insperity during the first quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Insperity during the first quarter valued at approximately $42,000. First Horizon Advisors Inc. grew its position in Insperity by 56.0% during the first quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider's stock valued at $63,000 after purchasing an additional 253 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Insperity by 32.2% during the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider's stock valued at $67,000 after purchasing an additional 182 shares in the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that 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.