Insperity, Inc. (NSP) Lowered to “Sell” at BidaskClub

Insperity, Inc. (NYSE:NSP) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Monday, August 7th. Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $84.00 to $92.00 in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $94.00.

Shares of Insperity (NSP) traded down 0.31% during trading on Friday, hitting $80.40. 65,006 shares of the stock traded hands. The stock has a market cap of $1.68 billion, a PE ratio of 23.28 and a beta of 0.76. Insperity has a 12 month low of $64.55 and a 12 month high of $93.65. The firm’s 50-day moving average price is $76.44 and its 200-day moving average price is $80.57.

Insperity (NYSE:NSP) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.14. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The firm had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $778.88 million. During the same period in the previous year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Analysts anticipate that Insperity will post $4.55 EPS for the current year.

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In related news, Director John M. Morphy sold 500 shares of Insperity stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $83.85, for a total transaction of $41,925.00. Following the completion of the sale, the director now owns 1,887 shares in the company, valued at approximately $158,224.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel D. Herink sold 3,000 shares of Insperity stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $83.34, for a total transaction of $250,020.00. Following the sale, the senior vice president now owns 19,014 shares of the company’s stock, valued at approximately $1,584,626.76. The disclosure for this sale can be found here. Insiders have sold a total of 90,917 shares of company stock valued at $7,696,714 in the last quarter. 27.47% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in NSP. BlackRock Inc. raised its stake in shares of Insperity by 4.7% in the second quarter. BlackRock Inc. now owns 2,935,048 shares of the business services provider’s stock worth $208,390,000 after buying an additional 131,500 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Insperity by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,151,051 shares of the business services provider’s stock worth $190,691,000 after buying an additional 111,896 shares during the last quarter. State Street Corp raised its stake in shares of Insperity by 9.2% in the second quarter. State Street Corp now owns 440,908 shares of the business services provider’s stock worth $31,305,000 after buying an additional 37,007 shares during the last quarter. Rothschild Asset Management Inc. raised its stake in shares of Insperity by 4.3% in the second quarter. Rothschild Asset Management Inc. now owns 414,559 shares of the business services provider’s stock worth $29,434,000 after buying an additional 17,244 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Insperity by 3.6% in the second quarter. Prudential Financial Inc. now owns 385,711 shares of the business services provider’s stock worth $27,385,000 after buying an additional 13,430 shares during the last quarter. Institutional investors own 82.30% of the company’s stock.

About Insperity

Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).