Insperity, Inc. (NSP) Reaches New 1-Year High at $107.70

Insperity, Inc. (NYSE:NSP)’s share price hit a new 52-week high on Monday . The company traded as high as $107.70 and last traded at $106.20, with a volume of 120500 shares trading hands. The stock had previously closed at $105.55.

A number of equities analysts have weighed in on NSP shares. BidaskClub upgraded shares of Insperity from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Roth Capital upgraded shares of Insperity from a “neutral” rating to a “buy” rating and lifted their price target for the company from $84.00 to $92.00 in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Monday, August 7th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $110.00 price target on shares of Insperity in a report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Robert W. Baird reiterated a “buy” rating and issued a $112.00 price target on shares of Insperity in a report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $101.20.

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The company has a market cap of $2,213.51, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.50 and a beta of 0.82.

Insperity (NYSE:NSP) last posted its earnings results on Wednesday, November 1st. The business services provider reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.16. The business had revenue of $795.50 million for the quarter, compared to analyst estimates of $786.44 million. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. equities analysts expect that Insperity, Inc. will post 3.94 earnings per share for the current year.

In related news, Director Mckenna Michelle sold 600 shares of Insperity stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $79.69, for a total transaction of $47,814.00. Following the sale, the director now owns 1,145 shares of the company’s stock, valued at approximately $91,245.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jay E. Mincks sold 1,700 shares of Insperity stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $103.50, for a total transaction of $175,950.00. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 590,667 shares of company stock worth $106,280 and have sold 327,025 shares worth $10,766,557. Insiders own 13.92% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in NSP. UBS Asset Management Americas Inc. increased its stake in Insperity by 107.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 7,326 shares of the business services provider’s stock worth $649,000 after buying an additional 3,789 shares during the period. Teachers Advisors LLC increased its stake in Insperity by 156.0% during the 1st quarter. Teachers Advisors LLC now owns 213,397 shares of the business services provider’s stock worth $18,918,000 after buying an additional 130,047 shares during the period. Vanguard Group Inc. increased its stake in Insperity by 5.5% during the 1st 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 period. UBS Group AG increased its stake in Insperity by 69.7% during the 1st quarter. UBS Group AG now owns 6,085 shares of the business services provider’s stock worth $540,000 after buying an additional 2,500 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Insperity by 6.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 109,578 shares of the business services provider’s stock worth $9,715,000 after buying an additional 6,197 shares during the period. 81.59% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Insperity, Inc. (NSP) Reaches New 1-Year High at $107.70” was first posted by Markets Daily and is the property of of Markets Daily. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/11/13/insperity-inc-nsp-reaches-new-1-year-high-at-107-70.html.

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).

Receive News & Ratings for Insperity Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insperity Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply