Insperity (NYSE:NSP) Given New $88.00 Price Target at Truist Financial

Insperity (NYSE:NSP) had its target price reduced by investment analysts at Truist Financial from $95.00 to $88.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price target would indicate a potential upside of 16.56% from the company’s current price.

NSP has been the subject of a number of other research reports. William Blair cut shares of Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. started coverage on Insperity in a research note on Tuesday, October 22nd. They issued 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 assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $95.67.

Insperity Price Performance

Insperity stock traded down $3.27 during mid-day trading on Friday, hitting $75.50. 145,210 shares of the company traded hands, compared to its average volume of 272,764. The stock has a fifty day moving average price of $87.76 and a 200-day moving average price of $94.33. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 2.24 and a beta of 1.11. Insperity has a one year low of $74.33 and a one year high of $119.40. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.17 and a current ratio of 1.17.

Insperity (NYSE:NSP) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. On average, equities analysts predict that Insperity will post 2.42 earnings per share for the current fiscal year.

Insider Activity

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of Insperity stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the sale, the chief executive officer now directly owns 509,129 shares of the company’s stock, valued at approximately $46,956,967.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Insperity

Large investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in shares of Insperity during the second quarter valued at approximately $64,000. EntryPoint Capital LLC boosted its stake in Insperity by 164.3% during the 1st quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 534 shares during the last quarter. Covestor Ltd increased its holdings in shares of Insperity by 264.7% in the 1st quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock worth $114,000 after purchasing an additional 757 shares in the last quarter. Quarry LP raised its stake in shares of Insperity by 205.6% in the second quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock worth $99,000 after purchasing an additional 732 shares during the last quarter. Finally, Accordant Advisory Group Inc bought a new position in shares of Insperity during the second quarter valued at $109,000. Hedge funds and other 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.