Insperity (NYSE:NSP) Upgraded by StockNews.com to "Buy" Rating

Insperity (NYSE:NSP - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Wednesday.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. initiated coverage on Insperity in a research report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price target for the company. Truist Financial decreased their price target on shares of Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $95.67.

Insperity Stock Up 1.5 %

Shares of NSP traded up $1.31 during mid-day trading on Wednesday, hitting $87.58. The company's stock had a trading volume of 566,069 shares, compared to its average volume of 348,330. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.95. The company's 50-day moving average is $78.29 and its 200-day moving average is $83.36. Insperity has a 52-week low of $68.79 and a 52-week high of $110.72. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 27.80 and a beta of 1.13.

Insiders Place Their Bets

In other Insperity news, COO Arthur A. Arizpe sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $84.68, for a total transaction of $508,080.00. Following the completion of the transaction, the chief operating officer now directly owns 72,551 shares of the company's stock, valued at approximately $6,143,618.68. This trade represents a 7.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total value of $2,108,000.00. Following the sale, the chief executive officer now directly owns 436,584 shares in the company, valued at $36,812,762.88. This represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.50% of the company's stock.

Institutional Investors Weigh In On Insperity

Several hedge funds have recently modified their holdings of NSP. Jones Financial Companies Lllp raised its holdings in Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock worth $27,000 after purchasing an additional 291 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Insperity in the third quarter valued at approximately $32,000. Millburn Ridgefield Corp acquired a new position in shares of Insperity during the 3rd quarter worth approximately $53,000. UMB Bank n.a. lifted its position in shares of Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider's stock valued at $66,000 after buying an additional 267 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Insperity in the 4th quarter valued at $87,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

About Insperity

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.