Insperity (NYSE:NSP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday, February 19th. The brokerage currently has a $74.00 target price on the business services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 7.17% from the stock’s current price.
According to Zacks, “Insperity reported impressive fourth-quarter 2017 results. Both earnings and revenues increased on a year-over-year basis. The company is benefiting from improved client retention, diversified product portfolio, growth in worksite employees and strength in ancillary products. The company is well poised to benefit from the booming PEO industry driven by improving adoption of Insperity Workforce Optimization as well as Insperity Premier solutions. Shares have outperformed the industry in the past one year. However, intensifying competition remains a major concern.”
Other equities analysts have also issued research reports about the company. SunTrust Banks reissued a “hold” rating and set a $55.00 target price on shares of Insperity in a research note on Friday, November 3rd. They noted that the move was a valuation call. Roth Capital increased their price target on Insperity from $58.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $56.00 price target on shares of Insperity in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Insperity currently has a consensus rating of “Hold” and an average price target of $64.00.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Monday, February 12th. The business services provider reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.37). Insperity had a net margin of 2.55% and a return on equity of 102.86%. The business had revenue of $826.50 million during the quarter, compared to analyst estimates of $813.28 million. During the same period last year, the company earned $0.58 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. research analysts expect that Insperity will post 2.72 earnings per share for the current year.
Insperity declared that its board has initiated a share repurchase program on Thursday, November 16th that permits the company to buyback 500,000 outstanding shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
In related news, Chairman Paul J. Sarvadi sold 45,000 shares of Insperity stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $61.58, for a total transaction of $2,771,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Douglas S. Sharp sold 3,096 shares of Insperity stock in a transaction on Friday, February 16th. The stock was sold at an average price of $64.51, for a total value of $199,722.96. The disclosure for this sale can be found here. Insiders have sold a total of 117,751 shares of company stock valued at $7,471,328 over the last ninety days. 13.92% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in Insperity by 91.6% during the fourth quarter. BlackRock Inc. now owns 5,558,288 shares of the business services provider’s stock valued at $318,769,000 after acquiring an additional 2,656,549 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in Insperity by 113.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,023,700 shares of the business services provider’s stock valued at $58,709,000 after acquiring an additional 543,775 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Insperity by 222.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 477,010 shares of the business services provider’s stock valued at $27,357,000 after acquiring an additional 329,200 shares during the period. Mawer Investment Management Ltd. grew its position in Insperity by 112.2% during the fourth quarter. Mawer Investment Management Ltd. now owns 600,200 shares of the business services provider’s stock valued at $34,421,000 after acquiring an additional 317,300 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Insperity by 369.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 358,119 shares of the business services provider’s stock valued at $20,538,000 after acquiring an additional 281,876 shares during the period. 83.49% of the stock is owned by institutional investors and hedge funds.
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Insperity Company Profile
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).
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