Insperity Inc (NSP) was Upgraded by Robert W. Baird to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 59 from a previous price target of $50 . Earlier the firm had a rating of “Neutral ” on the company shares. Robert W. Baird advised their investors in a research report released on Apr 29, 2016.
Many Wall Street Analysts have commented on Insperity Inc. First Analysis Sec Upgraded Insperity Inc on Feb 16, 2016 to ” Overweight”, Price Target of the shares are set at $58.
On the company’s financial health, Insperity Inc reported $0.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Feb 12, 2016. Analyst had a consensus of $0.42. The company had revenue of $650.00 million for the quarter, compared to analysts expectations of $671.23 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Insperity Inc opened for trading at $52.16 and hit $52.92 on the upside on Wednesday, eventually ending the session at $52.76, with a gain of 1.31% or 0.68 points. The heightened volatility saw the trading volume jump to 1,54,126 shares. Company has a market cap of $1,122 M.
In a different news, on Feb 19, 2016, Paul J Sarvadi (Chairman of the Board & CEO) sold 30,000 shares at $48.02 per share price. According to the SEC, on Nov 4, 2015, Jay E Mincks (EVP of Sales & Marketing) sold 1,035 shares at $43.75 per share price. On Jun 4, 2015, Richard G Rawson (President) sold 5,001 shares at $53.41 per share price, according to the Form-4 filing with the securities and exchange commission.
Insperity Inc. (Insperity) provides an array of human resources (HR) and business performance 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. In addition to its PEO HR Outsourcing solutions the Company offers human capital management payroll services time and attendance performance management organizational planning recruiting services employment screening financial and expense management services retirement services and insurance services (collectively Strategic Businesses) many of which are offered through desktop applications and cloud-based delivery models.