Insperity (NYSE:NSP) Price Target Lowered to $74.00 at Roth Capital

Key Points

• Roth Capital has reduced its price target for Insperity (NYSE:NSP) from $85.00 to $74.00 while maintaining a "buy" rating, suggesting a potential upside of 61.15% based on the stock's previous close.
• Other firms like JPMorgan Chase and Truist Financial have also cut their price targets, with JPMorgan lowering it from $68.00 to $51.00 and Truist from $70.00 to $50.00, indicating a more cautious outlook.
• Insperity reported a quarterly earnings miss of $0.26 EPS against estimates of $0.41, and has shown a modest revenue growth of 3.3% year-over-year.

Insperity (NYSE:NSP - Get Free Report) had its price target reduced by Roth Capital from $85.00 to $74.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the business services provider's stock. Roth Capital's target price suggests a potential upside of 61.15% from the stock's previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. dropped their price target on Insperity from $68.00 to $51.00 and set an "underweight" rating on the stock in a research report on Monday. Truist Financial decreased their price target on Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a research note on Monday. Finally, Wall Street Zen downgraded Insperity from a "buy" rating to a "hold" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $58.33.

Insperity Stock Performance

NYSE:NSP traded up $0.85 during midday trading on Monday, reaching $45.92. 602,693 shares of the company traded hands, compared to its average volume of 494,746. Insperity has a twelve month low of $44.14 and a twelve month high of $95.98. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 43.33 and a beta of 0.47. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.12 and a quick ratio of 1.13. The company has a fifty day moving average price of $60.53 and a 200 day moving average price of $73.40.

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

Institutional Inflows and Outflows

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

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.

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