Insperity (NYSE:NSP) Now Covered by JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. initiated coverage on shares of Insperity (NYSE:NSP) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set an “underweight” rating and a $90.00 price target on the business services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 3.16% from the stock’s current price.

Separately, William Blair lowered shares of Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. One equities 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $99.50.

Insperity Trading Up 0.3 %

NYSE NSP opened at $87.24 on Tuesday. The firm has a market cap of $3.29 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11. Insperity has a 1-year low of $83.77 and a 1-year high of $119.40. The stock has a 50-day moving average of $89.18 and a 200-day moving average of $95.32. 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 for the quarter, beating the consensus estimate of $0.72 by $0.14. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that Insperity will post 2.43 EPS for the current year.

Insider Activity at Insperity

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $92.23, for a total value of $1,487,024.29. Following the completion of the sale, the chief executive officer now directly owns 509,129 shares of the company’s stock, valued at approximately $46,956,967.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NSP. Mawer Investment Management Ltd. boosted its position in shares of Insperity by 18.5% during the first quarter. Mawer Investment Management Ltd. now owns 4,991,238 shares of the business services provider’s stock valued at $547,090,000 after purchasing an additional 780,917 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Insperity by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock worth $428,696,000 after buying an additional 182,773 shares during the period. Reinhart Partners LLC. increased its stake in shares of Insperity by 13.3% in the 2nd quarter. Reinhart Partners LLC. now owns 1,013,874 shares of the business services provider’s stock worth $92,475,000 after acquiring an additional 118,902 shares in the last quarter. Earnest Partners LLC lifted its position in Insperity by 4.9% during the 1st quarter. Earnest Partners LLC now owns 1,291,138 shares of the business services provider’s stock valued at $141,522,000 after acquiring an additional 60,852 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Insperity during the second quarter worth about $5,536,000. Institutional investors own 93.44% of the company’s stock.

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.