JPMorgan Chase & Co. Begins Coverage on Insperity (NYSE:NSP)

JPMorgan Chase & Co. assumed coverage on shares of Insperity (NYSE:NSP) in a research report report published on Tuesday, MarketBeat reports. The firm issued an underweight rating and a $90.00 price target on the business services provider’s stock.

Separately, William Blair cut Insperity from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Insperity currently has a consensus rating of “Hold” and an average price target of $99.50.

Insperity Stock Down 2.7 %

NSP opened at $84.91 on Tuesday. Insperity has a fifty-two week low of $83.77 and a fifty-two week high of $119.40. The company’s 50-day moving average is $89.01 and its 200 day moving average is $95.25. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $3.20 billion, a P/E ratio of 20.76, a PEG ratio of 2.39 and a beta of 1.11.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Research analysts expect that Insperity will post 2.43 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.83%. Insperity’s dividend payout ratio (DPR) is currently 58.68%.

Insider Buying and Selling

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of Insperity stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total transaction 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. The trade was 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. 5.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Insperity

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in shares of Insperity during the second quarter valued at approximately $64,000. EntryPoint Capital LLC raised its holdings in Insperity by 164.3% in the first quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider’s stock worth $94,000 after purchasing an additional 534 shares in the last quarter. Quarry LP boosted its stake in Insperity by 205.6% in the second quarter. Quarry LP now owns 1,088 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 732 shares in the last quarter. Accordant Advisory Group Inc purchased a new position in Insperity during the 2nd quarter worth $109,000. Finally, Covestor Ltd increased its holdings in shares of Insperity by 264.7% during the first quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 757 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

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.