Insperity (NYSE:NSP) Downgraded to Sell Rating by Wall Street Zen

Insperity (NYSE:NSP) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other equities analysts also recently commented on NSP. Roth Capital dropped their price objective on Insperity from $85.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, August 4th. Truist Financial reduced their price objective on Insperity from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. reduced their target price on Insperity from $68.00 to $51.00 and set an “underweight” rating for the company in a research report on Monday, August 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $58.33.

Insperity Price Performance

NYSE NSP opened at $53.48 on Friday. The stock’s 50-day moving average price is $59.14 and its two-hundred day moving average price is $72.53. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 3.29. The company has a market cap of $2.01 billion, a PE ratio of 50.45 and a beta of 0.47. Insperity has a 1 year low of $44.14 and a 1 year high of $95.98.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Friday, August 1st. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.15). Insperity had a return on equity of 35.32% and a net margin of 0.60%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. Insperity’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts predict that Insperity will post 2.33 EPS for the current year.

Insider Activity at Insperity

In related news, EVP James D. Allison bought 4,000 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was bought at an average cost of $46.82 per share, for a total transaction of $187,280.00. Following the transaction, the executive vice president owned 64,517 shares of the company’s stock, valued at $3,020,685.94. This represents a 6.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John L. Lumelleau acquired 5,500 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average price of $45.36 per share, with a total value of $249,480.00. Following the completion of the transaction, the director directly owned 5,500 shares in the company, valued at $249,480. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 20,194 shares of company stock valued at $925,981 in the last three months. 5.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Insperity

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Private Trust Co. NA boosted its stake in Insperity by 279.1% in the first quarter. Private Trust Co. NA now owns 326 shares of the business services provider’s stock valued at $29,000 after buying an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Insperity during the first quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale purchased a new position in Insperity in the first quarter worth $42,000. First Horizon Advisors Inc. boosted its position in Insperity by 56.0% in the first quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider’s stock worth $63,000 after purchasing an additional 253 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Insperity by 32.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock valued at $67,000 after buying an additional 182 shares during the last quarter. Institutional investors own 93.44% of the company’s stock.

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.