Insperity (NYSE:NSP) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of Insperity (NYSE:NSP) from a hold rating to a sell rating in a report published on Friday morning, Zacks.com reports. They currently have $52.00 target price on the business services provider’s stock.

According to Zacks, “Insperity remains well poised to benefit from the booming professional employer organization industry. The company’s top-line continues to benefit from an increase in average number of worksite employees paid per month. Its consistency in rewarding shareholders through dividend payments and share buybacks boost investors' confidence and positively impact earnings per share. On the flip side, the company continues to grapple with rising operating expenses due to heavy investment in growth, technology, product and service offerings. The company's earnings are highly seasonal in nature due to changing trends in medical claims costs and payroll taxes. Operation in a highly fragmented and competitive PEO industry remains a concern. Partly due to these headwinds, the company's shares have declined significantly over the past year.”

NSP has been the topic of several other research reports. SunTrust Banks boosted their price objective on Insperity from $56.00 to $64.00 and gave the company a buy rating in a report on Tuesday, May 5th. Robert W. Baird downgraded Insperity from an outperform rating to a neutral rating in a report on Wednesday, February 12th. Roth Capital cut their price objective on Insperity from $97.00 to $85.00 and set a buy rating on the stock in a report on Tuesday, May 5th. ValuEngine upgraded Insperity from a sell rating to a hold rating in a report on Friday, May 1st. Finally, TheStreet downgraded Insperity from a b- rating to a c+ rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $83.20.

NYSE NSP traded up $1.13 on Friday, reaching $49.59. 330,450 shares of the company were exchanged, compared to its average volume of 584,200. The business’s fifty day moving average price is $43.28 and its 200 day moving average price is $67.22. The stock has a market capitalization of $1.88 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 1.18 and a beta of 1.70. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 66.05. Insperity has a fifty-two week low of $22.59 and a fifty-two week high of $144.92.

Insperity (NYSE:NSP) last released its quarterly earnings data on Monday, May 4th. The business services provider reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.09. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.17 billion. Insperity had a return on equity of 310.00% and a net margin of 3.12%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 earnings per share. Equities research analysts forecast that Insperity will post 2.73 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. boosted its position in shares of Insperity by 242.9% in the 1st quarter. Mawer Investment Management Ltd. now owns 978,340 shares of the business services provider’s stock valued at $36,492,000 after purchasing an additional 693,040 shares during the period. Janus Henderson Group PLC boosted its position in shares of Insperity by 144.4% in the 4th quarter. Janus Henderson Group PLC now owns 926,701 shares of the business services provider’s stock valued at $79,733,000 after purchasing an additional 547,463 shares during the period. Norges Bank acquired a new stake in shares of Insperity in the 4th quarter valued at about $45,228,000. Anchor Capital Advisors LLC acquired a new stake in shares of Insperity in the 4th quarter valued at about $41,922,000. Finally, Marshall Wace North America L.P. boosted its position in shares of Insperity by 746.0% in the 4th quarter. Marshall Wace North America L.P. now owns 407,012 shares of the business services provider’s stock valued at $35,019,000 after purchasing an additional 358,900 shares during the period. 89.07% of the stock is owned by institutional investors and hedge funds.

Insperity Company Profile

Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which 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.

Recommended Story: Correction

Get a free copy of the Zacks research report on Insperity (NSP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Insperity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insperity and related companies with MarketBeat.com's FREE daily email newsletter.