Insperity (NYSE:NSP) Rating Lowered to Hold at StockNews.com

Insperity (NYSE:NSP - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Monday.

A number of other analysts also recently commented on the company. JPMorgan Chase & Co. began coverage on Insperity in a research note on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price objective on the stock. William Blair lowered Insperity from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th. Finally, Truist Financial cut their target price on Insperity from $95.00 to $88.00 and set a "hold" rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $95.67.

Insperity Price Performance

Shares of NSP traded up $1.07 during midday trading on Monday, reaching $76.25. The stock had a trading volume of 468,549 shares, compared to its average volume of 275,895. Insperity has a 52 week low of $74.32 and a 52 week high of $119.40. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.17. The firm's 50 day moving average price is $87.04 and its 200-day moving average price is $93.75. The company has a market capitalization of $2.86 billion, a P/E ratio of 24.21, a P/E/G ratio of 2.17 and a beta of 1.12.

Insperity (NYSE:NSP - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.14. Insperity had a return on equity of 93.58% and a net margin of 1.83%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The company's quarterly revenue was up 1.3% compared to the same quarter last year. On average, analysts forecast that Insperity will post 2.42 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Paul J. Sarvadi sold 16,123 shares of Insperity stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the transaction, the chief executive officer now owns 509,129 shares in the company, valued at approximately $46,956,967.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. State of New Jersey Common Pension Fund D grew its stake in Insperity by 10.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 21,183 shares of the business services provider's stock valued at $1,864,000 after purchasing an additional 1,987 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Insperity by 9.2% in the third quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider's stock valued at $222,000 after purchasing an additional 213 shares in the last quarter. Covestor Ltd grew its stake in Insperity by 21.7% in the third quarter. Covestor Ltd now owns 1,156 shares of the business services provider's stock valued at $102,000 after purchasing an additional 206 shares in the last quarter. Atria Investments Inc grew its stake in Insperity by 9.1% in the third quarter. Atria Investments Inc now owns 4,672 shares of the business services provider's stock valued at $411,000 after purchasing an additional 389 shares in the last quarter. Finally, Markel Group Inc. grew its stake in Insperity by 32.6% in the third quarter. Markel Group Inc. now owns 70,143 shares of the business services provider's stock valued at $6,173,000 after purchasing an additional 17,237 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insperity Company Profile

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.

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