Insperity, Inc. (NSP) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Insperity, Inc. (NYSE:NSP) from a hold rating to a sell rating in a research report released on Tuesday, July 4th.

According to Zacks, “Insperity is well placed to benefit from the booming PEO industry over the long run. Improved client retention, diversified product portfolio, growth in worksite employees and strength in its ancillary products are the other positives. However, sluggish global macro environment is hindering growth. Also, any further increase in health care costs can mar its profitability to a great extent. For 2017, the company expects average paid WSEs growth in the range of 11–12%, which is near the low end of initial guidance, primarily due to ongoing weakness in net hiring by clients and a slight shift in the timing of enrolment of two large midmarket accounts. The company has underperformed the broader market in past one year.”

Separately, BidaskClub downgraded shares of Insperity from a sell rating to a strong sell rating in a research report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Insperity has a consensus rating of Hold and an average target price of $94.00.

Insperity (NYSE NSP) traded up 1.28% during midday trading on Tuesday, reaching $75.20. 165,723 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $73.29 and its 200-day moving average price is $79.44. Insperity has a 1-year low of $64.55 and a 1-year high of $93.65. The company has a market capitalization of $1.58 billion, a PE ratio of 23.22 and a beta of 0.75.

Insperity (NYSE:NSP) last announced its quarterly earnings results on Monday, May 1st. The business services provider reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $0.02. Insperity had a net margin of 2.26% and a return on equity of 94.46%. The firm had revenue of $882.66 million for the quarter, compared to analyst estimates of $887.37 million. During the same period last year, the business earned $1.63 EPS. Insperity’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts expect that Insperity will post $4.33 EPS for the current year.

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In other Insperity news, Director Peter A. Feld sold 69,365 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $87.44, for a total transaction of $6,065,275.60. Following the completion of the sale, the director now directly owns 5,041 shares in the company, valued at $440,785.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jay E. Mincks sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $90.63, for a total transaction of $543,780.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 77,365 shares of company stock worth $6,784,996. 27.47% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in NSP. BlackRock Inc. increased its position in shares of Insperity by 31,621.5% in the first quarter. BlackRock Inc. now owns 2,803,548 shares of the business services provider’s stock valued at $248,536,000 after buying an additional 2,794,710 shares during the period. Norges Bank purchased a new position in shares of Insperity during the fourth quarter valued at $16,263,000. Mawer Investment Management Ltd. purchased a new position in shares of Insperity during the first quarter valued at $17,544,000. Teachers Advisors LLC increased its position in shares of Insperity by 156.0% in the first quarter. Teachers Advisors LLC now owns 213,397 shares of the business services provider’s stock valued at $18,918,000 after buying an additional 130,047 shares during the period. Finally, Vanguard Group Inc. increased its position 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 valued at $190,691,000 after buying an additional 111,896 shares during the period. Institutional investors own 81.81% 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).

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