JPMorgan Chase & Co. Begins Coverage on Insperity (NYSE:NSP)

Analysts at JPMorgan Chase & Co. initiated coverage on shares of Insperity (NYSE:NSP) in a research report issued on Tuesday, Briefing.com reports. The brokerage set an “underweight” rating and a $90.00 price target on the business services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 3.46% from the stock’s previous close.

Separately, William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $99.50.

Insperity Stock Down 0.9 %

NSP stock opened at $86.99 on Tuesday. The business’s 50-day moving average price is $89.37 and its 200-day moving average price is $95.51. The stock has a market cap of $3.28 billion, a P/E ratio of 21.27, a PEG ratio of 2.39 and a beta of 1.11. Insperity has a twelve month low of $84.25 and a twelve month high of $119.40. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.60.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.14. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The company’s revenue for the quarter 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, equities research analysts forecast that Insperity will post 2.43 EPS for the current year.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total value of $1,487,024.29. Following the sale, the chief executive officer now owns 509,129 shares in the company, valued at $46,956,967.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Insperity

A number of large investors have recently added to or reduced their stakes in NSP. Goldman Sachs Group Inc. grew its holdings in shares of Insperity by 17.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 167,154 shares of the business services provider’s stock valued at $19,594,000 after purchasing an additional 24,441 shares in the last quarter. Hennessy Advisors Inc. increased its holdings in shares of Insperity by 44.2% in the 1st quarter. Hennessy Advisors Inc. now owns 37,500 shares of the business services provider’s stock worth $4,110,000 after buying an additional 11,500 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Insperity by 13.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,705 shares of the business services provider’s stock valued at $845,000 after buying an additional 906 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Insperity by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 8,650 shares of the business services provider’s stock valued at $948,000 after acquiring an additional 200 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Insperity by 6.1% in the first quarter. Principal Financial Group Inc. now owns 149,638 shares of the business services provider’s stock worth $16,402,000 after acquiring an additional 8,541 shares in 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.