Insperity (NYSE:NSP) was downgraded by Zacks Investment Research from a "hold" rating to a "sell" rating in a research note issued to investors on Friday, Zacks.com reports. They presently have a $52.00 target price on the business services provider's stock. Zacks Investment Research's price target points to a potential upside of 5.11% from the stock's previous close.
According to Zacks, "Insperity remains well poised to benefit from the booming professional employer organization industry. The company’s top-line continues to benefit from an increase in average number of worksite employees paid per month. Its consistency in rewarding shareholders through dividend payments and share buybacks boost investors' confidence and positively impact earnings per share. On the flip side, the company continues to grapple with rising operating expenses due to heavy investment 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. Operation in a highly fragmented and competitive PEO industry remains a concern. Partly due to these headwinds, the company's shares have declined significantly over the past year."
Several other equities research analysts have also recently commented on the company. Piper Sandler assumed coverage on Insperity in a research report on Thursday, April 9th. They set an "overweight" rating and a $74.00 price objective on the stock. SunTrust Banks increased their target price on Insperity from $56.00 to $64.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Robert W. Baird downgraded Insperity from an "outperform" rating to a "neutral" rating in a report on Wednesday, February 12th. ValuEngine raised Insperity from a "sell" rating to a "hold" rating in a report on Friday, May 1st. Finally, TheStreet downgraded Insperity from a "b-" rating to a "c+" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of "Hold" and an average price target of $83.20.
Shares of NYSE NSP traded up $1.01 during trading on Friday, reaching $49.47. The company had a trading volume of 8,201 shares, compared to its average volume of 588,784. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 66.05. Insperity has a 12-month low of $22.59 and a 12-month high of $144.92. The stock has a market cap of $1.86 billion, a PE ratio of 14.52, a P/E/G ratio of 1.17 and a beta of 1.70. The business's 50-day moving average is $43.07 and its 200 day moving average is $67.50.
Insperity (NYSE:NSP) last released its quarterly earnings data on Monday, May 4th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.61 by $0.09. Insperity had a return on equity of 310.00% and a net margin of 3.12%. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the firm posted $1.98 earnings per share. Insperity's revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that Insperity will post 2.73 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NSP. US Bancorp DE grew its holdings in Insperity by 788.6% during the 1st quarter. US Bancorp DE now owns 1,013 shares of the business services provider's stock valued at $38,000 after buying an additional 899 shares in the last quarter. Arden Trust Co purchased a new position in shares of Insperity in the 1st quarter worth approximately $45,000. Ballast Advisors LLC purchased a new position in shares of Insperity in the 1st quarter worth approximately $46,000. Tower Research Capital LLC TRC lifted its stake in shares of Insperity by 104.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,714 shares of the business services provider's stock worth $64,000 after acquiring an additional 874 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in shares of Insperity during the 4th quarter worth approximately $66,000. Institutional investors and hedge funds own 89.07% of the company's stock.
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.
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