Insperity (NYSE:NSP) Stock Rating Upgraded by StockNews.com

Insperity (NYSE:NSP) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

NSP has been the topic of a number of other research reports. Truist Financial dropped their price target on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. started coverage on shares of Insperity in a report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Insperity currently has an average rating of “Hold” and a consensus target price of $95.67.

Insperity Trading Up 1.5 %

NSP opened at $86.38 on Wednesday. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 27.42 and a beta of 1.13. Insperity has a fifty-two week low of $68.79 and a fifty-two week high of $110.72. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The company’s 50 day moving average price is $78.11 and its two-hundred day moving average price is $83.57.

Insider Activity at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 25,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the completion of the transaction, the chief executive officer now owns 436,584 shares in the company, valued at $36,812,762.88. This trade represents a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ellen H. Masterson purchased 1,755 shares of the stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average cost of $85.75 per share, for a total transaction of $150,491.25. Following the completion of the acquisition, the director now owns 16,612 shares of the company’s stock, valued at approximately $1,424,479. This represents a 11.81 % increase in their position. The disclosure for this purchase can be found here. 5.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Insperity

A number of institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd lifted its holdings in shares of Insperity by 12.6% in the fourth quarter. Covestor Ltd now owns 1,302 shares of the business services provider’s stock worth $101,000 after buying an additional 146 shares in the last quarter. LPL Financial LLC grew its position in Insperity by 3.5% during the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 208 shares during the last quarter. Assetmark Inc. grew its position in Insperity by 11.6% during the fourth quarter. Assetmark Inc. now owns 2,032 shares of the business services provider’s stock valued at $158,000 after acquiring an additional 211 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Insperity by 9.2% in the third quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock worth $222,000 after purchasing an additional 213 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Insperity by 26.4% in the third quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock worth $91,000 after purchasing an additional 216 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insperity Company Profile

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.