Robert W. Baird Raises Insperity (NSP) Price Target to $125.00

Insperity (NYSE:NSP) had its target price raised by equities research analysts at Robert W. Baird from $110.00 to $125.00 in a research note issued to investors on Friday. The brokerage presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price target would suggest a potential upside of 12.42% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Roth Capital upped their target price on shares of Insperity from $88.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. First Analysis restated an “equal weight” rating on shares of Insperity in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research note on Tuesday, August 7th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $110.80.

NSP stock traded down $0.07 during mid-day trading on Friday, reaching $111.19. The company had a trading volume of 287,230 shares, compared to its average volume of 352,369. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.21 and a quick ratio of 1.15. The company has a market capitalization of $4.66 billion, a P/E ratio of 54.50, a P/E/G ratio of 1.95 and a beta of 0.90. Insperity has a 12 month low of $50.05 and a 12 month high of $121.15.

Insperity (NYSE:NSP) last issued its earnings results on Thursday, November 1st. The business services provider reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.14. The business had revenue of $925.13 million for the quarter, compared to the consensus estimate of $935.62 million. Insperity had a net margin of 3.41% and a return on equity of 123.25%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 EPS. On average, research analysts expect that Insperity will post 3.17 EPS for the current fiscal year.

In other news, EVP Arthur A. Arizpe sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $108.50, for a total value of $1,627,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Douglas S. Sharp sold 1,823 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $115.60, for a total transaction of $210,738.80. Following the completion of the sale, the senior vice president now directly owns 19,967 shares of the company’s stock, valued at approximately $2,308,185.20. The disclosure for this sale can be found here. Insiders sold a total of 166,192 shares of company stock valued at $18,290,208 in the last ninety days. Corporate insiders own 9.58% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc lifted its position in shares of Insperity by 7.0% in the 2nd quarter. Legal & General Group Plc now owns 81,048 shares of the business services provider’s stock worth $7,680,000 after purchasing an additional 5,336 shares during the period. MetLife Investment Advisors LLC lifted its position in shares of Insperity by 10.5% in the 2nd quarter. MetLife Investment Advisors LLC now owns 17,458 shares of the business services provider’s stock worth $1,663,000 after purchasing an additional 1,663 shares during the period. State Board of Administration of Florida Retirement System lifted its position in shares of Insperity by 47.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 37,087 shares of the business services provider’s stock worth $3,533,000 after purchasing an additional 11,948 shares during the period. OppenheimerFunds Inc. lifted its position in shares of Insperity by 248.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 100,542 shares of the business services provider’s stock worth $9,576,000 after purchasing an additional 71,672 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Insperity by 14.1% in the 2nd quarter. BlackRock Inc. now owns 6,139,453 shares of the business services provider’s stock worth $584,781,000 after purchasing an additional 757,054 shares during the period. 82.53% of the stock is owned by hedge funds and other institutional investors.

About Insperity

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 encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.

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