Insperity (NYSE:NSP) Cut to “Market Perform” at William Blair

Insperity (NYSE:NSP) was downgraded by research analysts at William Blair from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, Briefing.com reports.

Insperity Stock Down 1.1 %

Insperity stock opened at $90.89 on Tuesday. The company has a fifty day simple moving average of $93.73 and a 200 day simple moving average of $97.85. 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 has a 1-year low of $84.78 and a 1-year high of $119.40. The company has a market cap of $3.42 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12.

Insperity (NYSE:NSP) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.86 EPS 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 company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Research analysts anticipate that Insperity will post 2.43 earnings per share for the current fiscal year.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the stock in a transaction 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 sale, the chief executive officer now owns 509,129 shares in the company, valued at approximately $46,956,967.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Insperity by 285.7% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,600 shares of the business services provider’s stock worth $1,970,000 after acquiring an additional 16,000 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Insperity during the 2nd quarter worth approximately $1,330,000. Quarry LP lifted its holdings in Insperity by 205.6% during the 2nd 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. The Manufacturers Life Insurance Company boosted its stake in Insperity by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider’s stock valued at $3,929,000 after purchasing an additional 150 shares during the period. Finally, Earnest Partners LLC grew its holdings in Insperity by 2.5% in the 2nd quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider’s stock valued at $120,733,000 after buying an additional 32,542 shares in the last quarter. Institutional investors and hedge funds 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.