Insperity, Inc. (NSP) Cut to Neutral at Roth Capital

Roth Capital lowered shares of Insperity, Inc. (NYSE:NSP) from a buy rating to a neutral rating in a report released on Tuesday.

Separately, First Analysis upgraded Insperity from an equal weight rating to an overweight rating and upped their target price for the company from $84.00 to $98.00 in a report on Monday.

Shares of Insperity (NYSE:NSP) traded up 0.96% during mid-day trading on Tuesday, hitting $83.90. 37,814 shares of the stock were exchanged. The stock has a market capitalization of $1.79 billion, a P/E ratio of 29.60 and a beta of 0.83. Insperity has a 12-month low of $44.14 and a 12-month high of $86.35. The stock’s 50 day moving average price is $71.76 and its 200-day moving average price is $70.95.

Insperity (NYSE:NSP) last announced its earnings results on Monday, February 13th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The company earned $729.10 million during the quarter, compared to the consensus estimate of $732 million. Insperity had a return on equity of 67.31% and a net margin of 2.18%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. On average, equities research analysts expect that Insperity will post $3.56 EPS for the current fiscal year.

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In related news, Director Peter A. Feld sold 67,705 shares of the company’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $72.87, for a total value of $4,933,663.35. Following the sale, the director now directly owns 4,591 shares of the company’s stock, valued at $334,546.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter A. Feld sold 75,000 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $73.17, for a total value of $5,487,750.00. Following the completion of the sale, the director now directly owns 4,591 shares in the company, valued at $335,923.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 756,768 shares of company stock worth $55,152,081. 27.47% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan boosted its stake in Insperity by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,600 shares of the company’s stock worth $262,000 after buying an additional 60 shares in the last quarter. Renaissance Group LLC boosted its stake in Insperity by 2.4% in the fourth quarter. Renaissance Group LLC now owns 4,017 shares of the company’s stock worth $285,000 after buying an additional 93 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Insperity by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,080 shares of the company’s stock worth $161,000 after buying an additional 255 shares in the last quarter. BlackRock Japan Co. Ltd boosted its stake in Insperity by 14.5% in the third quarter. BlackRock Japan Co. Ltd now owns 2,372 shares of the company’s stock worth $172,000 after buying an additional 300 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Insperity by 0.5% in the third quarter. California Public Employees Retirement System now owns 79,822 shares of the company’s stock worth $5,798,000 after buying an additional 400 shares in the last quarter. 83.11% of the stock is currently owned by institutional investors.

Insperity Company Profile

Insperity, Inc (Insperity) provides an array of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, government compliance, performance management, and training and development services.

5 Day Chart for NYSE:NSP

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