Insperity (NYSE:NSP) Now Covered by JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. started coverage on shares of Insperity (NYSE:NSP - Get Free Report) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage set an "underweight" rating and a $90.00 price target on the business services provider's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 3.44% from the company's current price.

Separately, William Blair downgraded Insperity from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $99.50.

Insperity Trading Up 0.0 %

Shares of NSP traded up $0.02 during mid-day trading on Tuesday, reaching $87.01. 326,330 shares of the company were exchanged, compared to its average volume of 263,312. Insperity has a 52 week low of $83.77 and a 52 week high of $119.40. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.17 and a current ratio of 1.17. The business has a 50 day simple moving average of $89.37 and a two-hundred day simple moving average of $95.51. The stock has a market capitalization of $3.28 billion, a PE ratio of 21.27, a PEG ratio of 2.39 and a beta of 1.11.

Insperity (NYSE:NSP - Get Free Report) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. The company had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.62 billion. Insperity had a return on equity of 138.16% and a net margin of 2.46%. Insperity's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. On average, analysts predict that Insperity will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the firm's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the completion of the transaction, the chief executive officer now directly owns 509,129 shares of the company's stock, valued at approximately $46,956,967.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Insperity

A number of large investors have recently bought and sold shares of NSP. nVerses Capital LLC bought a new position in shares of Insperity during the 2nd quarter worth approximately $64,000. EntryPoint Capital LLC raised its position in shares of Insperity by 164.3% during the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider's stock worth $94,000 after purchasing an additional 534 shares during the last quarter. Quarry LP boosted its stake in shares of Insperity by 205.6% in the second quarter. Quarry LP now owns 1,088 shares of the business services provider's stock worth $99,000 after acquiring an additional 732 shares during the last quarter. Accordant Advisory Group Inc acquired a new stake in Insperity during the 2nd quarter worth $109,000. Finally, Covestor Ltd raised its position in shares of Insperity by 264.7% in the first quarter. Covestor Ltd now owns 1,043 shares of the business services provider's stock valued at $114,000 after buying an additional 757 shares during 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.