Insperity Inc (NSP) Receives $111.00 Average Target Price from Analysts

Shares of Insperity Inc (NYSE:NSP) have been assigned an average rating of “Buy” from the six research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $111.00.

A number of research analysts recently commented on the company. Zacks Investment Research reissued a “strong-buy” rating and issued a $127.00 price target on shares of Insperity in a report on Wednesday, November 14th. Robert W. Baird boosted their price target on Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd.

In related news, SVP James D. Allison sold 2,000 shares of the company’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $115.90, for a total transaction of $231,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Paul J. Sarvadi sold 30,000 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $116.61, for a total value of $3,498,300.00. Following the completion of the sale, the chairman now owns 598,962 shares of the company’s stock, valued at $69,844,958.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,742 shares of company stock worth $4,156,509. 9.58% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Insperity by 9.3% in the third quarter. BlackRock Inc. now owns 6,713,435 shares of the business services provider’s stock valued at $791,849,000 after purchasing an additional 573,982 shares during the period. FMR LLC grew its holdings in Insperity by 118.6% during the second quarter. FMR LLC now owns 991,464 shares of the business services provider’s stock worth $94,437,000 after acquiring an additional 537,846 shares during the period. Hennessy Advisors Inc. grew its holdings in Insperity by 400.4% during the third quarter. Hennessy Advisors Inc. now owns 285,700 shares of the business services provider’s stock worth $33,698,000 after acquiring an additional 228,600 shares during the period. Vanguard Group Inc. grew its holdings in Insperity by 5.7% in the third quarter. Vanguard Group Inc. now owns 4,061,258 shares of the business services provider’s stock valued at $479,025,000 after purchasing an additional 220,365 shares during the period. Finally, Vanguard Group Inc grew its holdings in Insperity by 5.7% in the third quarter. Vanguard Group Inc now owns 4,061,258 shares of the business services provider’s stock valued at $479,025,000 after purchasing an additional 220,365 shares during the period. Institutional investors own 83.27% of the company’s stock.

Shares of Insperity stock traded up $0.15 during trading hours on Friday, reaching $95.14. 2,881 shares of the stock traded hands, compared to its average volume of 301,875. The company has a market cap of $3.92 billion, a P/E ratio of 46.57, a P/E/G ratio of 1.37 and a beta of 0.96. Insperity has a one year low of $55.40 and a one year high of $121.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.69.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.14. Insperity had a return on equity of 123.25% and a net margin of 3.41%. The firm had revenue of $925.13 million for the quarter, compared to analysts’ expectations of $935.62 million. During the same period in the previous year, the firm earned $1.14 EPS. The business’s quarterly revenue was up 16.3% on a year-over-year basis. Research analysts anticipate that Insperity will post 3.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Thursday, December 13th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, December 12th. This represents a $0.80 dividend on an annualized basis and a yield of 0.84%. Insperity’s dividend payout ratio is presently 39.22%.

Insperity Company Profile

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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