Insperity (NYSE:NSP) Coverage Initiated at JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. initiated coverage on shares of Insperity (NYSE:NSP) in a research report issued to clients and investors 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 would suggest a potential upside of 3.46% from the company’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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Insperity has a consensus rating of “Hold” and a consensus target price of $99.50.

Insperity Price Performance

Insperity stock opened at $86.99 on Tuesday. The firm has a market capitalization of $3.28 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. Insperity has a 12-month low of $84.25 and a 12-month high of $119.40. The firm has a 50-day moving average price of $89.37 and a 200-day moving average price of $95.51. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.60.

Insperity (NYSE:NSP) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.14. The business had revenue of $1.61 billion during 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 firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 earnings per share. As a group, equities research analysts forecast that Insperity will post 2.43 EPS for the current year.

Insider Activity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $92.23, for a total value of $1,487,024.29. Following the transaction, the chief executive officer now owns 509,129 shares of the company’s stock, valued at $46,956,967.67. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Insperity

A number of hedge funds and other institutional investors have recently modified their holdings of NSP. nVerses Capital LLC bought a new position in shares of Insperity during the 2nd quarter worth approximately $64,000. EntryPoint Capital LLC lifted its holdings in shares of 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. Quarry LP lifted its holdings in shares of 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 purchasing an additional 732 shares during the last quarter. Accordant Advisory Group Inc acquired a new stake in shares of Insperity in the 2nd quarter worth $109,000. Finally, Covestor Ltd grew its stake in Insperity by 264.7% during the 1st quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock worth $114,000 after buying an additional 757 shares during the last quarter. 93.44% of the stock is currently owned by 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.