Insperity (NYSE:NSP) Price Target Lowered to $88.00 at Truist Financial

Insperity (NYSE:NSP) had its price target cut by investment analysts at Truist Financial from $95.00 to $88.00 in a report released on Friday, Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price objective would suggest a potential upside of 16.56% from the company’s previous close.

Several other equities research analysts have also commented on NSP. William Blair lowered Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. initiated coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 target price for the company. One equities 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $95.67.

Insperity Trading Down 4.2 %

Insperity stock traded down $3.27 during trading hours on Friday, hitting $75.50. The stock had a trading volume of 145,210 shares, compared to its average volume of 272,764. The business’s 50 day simple moving average is $87.76 and its 200-day simple moving average is $94.33. Insperity has a one year low of $74.33 and a one year high of $119.40. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 2.24 and a beta of 1.11. 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 posted its earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. On average, equities analysts predict that Insperity will post 2.42 EPS for the current fiscal year.

Insider Activity at Insperity

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 509,129 shares in the company, valued at $46,956,967.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.50% of the stock is owned by company insiders.

Institutional Trading of Insperity

Several hedge funds and other institutional investors have recently modified their holdings of the business. nVerses Capital LLC bought a new stake in Insperity during the 2nd quarter valued at $64,000. EntryPoint Capital LLC lifted its holdings in 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 in the last quarter. Quarry LP grew its holdings in Insperity by 205.6% during the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock valued at $99,000 after buying an additional 732 shares in the last quarter. Accordant Advisory Group Inc bought a new stake in shares of Insperity during the second quarter valued at about $109,000. Finally, Covestor Ltd boosted 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 acquiring an additional 757 shares during the period. 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.