Insperity (NYSE:NSP) Announces Earnings Results

Insperity (NYSE:NSPGet Rating) issued its earnings results on Tuesday. The business services provider reported $1.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.19, MarketWatch Earnings reports. Insperity had a return on equity of 193.00% and a net margin of 2.49%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the company posted $1.58 EPS. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year.

Insperity stock traded up $5.68 during trading hours on Tuesday, hitting $104.60. The stock had a trading volume of 2,209 shares, compared to its average volume of 216,818. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 3.81. The company has a market capitalization of $4.01 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 1.95 and a beta of 1.58. Insperity has a one year low of $82.82 and a one year high of $129.32. The business has a 50 day moving average of $95.61.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 9th. This represents a $1.80 annualized dividend and a yield of 1.72%. Insperity’s dividend payout ratio is presently 56.43%.

NSP has been the subject of several research analyst reports. TheStreet downgraded Insperity from a “b” rating to a “c+” rating in a research note on Friday, February 11th. Zacks Investment Research lowered Insperity from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a report on Thursday, February 17th. Finally, StockNews.com assumed coverage on Insperity in a report on Thursday, March 31st. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $113.08.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in Insperity by 1.3% in the fourth quarter. BlackRock Inc. now owns 4,988,016 shares of the business services provider’s stock valued at $589,135,000 after purchasing an additional 62,377 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Insperity by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 194,575 shares of the business services provider’s stock worth $22,981,000 after acquiring an additional 3,722 shares during the last quarter. Millennium Management LLC raised its position in shares of Insperity by 151.6% during the fourth quarter. Millennium Management LLC now owns 152,491 shares of the business services provider’s stock worth $18,011,000 after acquiring an additional 91,885 shares during the last quarter. Morgan Stanley raised its position in shares of Insperity by 8.1% during the second quarter. Morgan Stanley now owns 108,396 shares of the business services provider’s stock worth $9,795,000 after acquiring an additional 8,138 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Insperity by 0.8% during the fourth quarter. Legal & General Group Plc now owns 85,866 shares of the business services provider’s stock worth $10,141,000 after acquiring an additional 685 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insperity Company Profile (Get Rating)

Insperity, Inc provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company 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.

Further Reading

Earnings History for Insperity (NYSE:NSP)

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