Insperity Inc (NSP) was Downgraded by First Analysis Sec to ” Equal-Weight” and the brokerage firm has set the Price Target at $84. Earlier the firm had a rating of “Overweight ” on the company shares. First Analysis Sec advised their investors in a research report released on Jul 7, 2016.
Many Wall Street Analysts have commented on Insperity Inc. Company shares were Upgraded by Robert W. Baird on Apr 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 59 from a previous price target of $50 .
On the company’s financial health, Insperity Inc reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 2, 2016. Analyst had a consensus of $1.47. The company had revenue of $802.40 million for the quarter, compared to analysts expectations of $807.98 million. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.
Insperity Inc opened for trading at $76.59 and hit $78.39 on the upside on Tuesday, eventually ending the session at $78.3, with a gain of 2.14% or 1.64 points. The heightened volatility saw the trading volume jump to 1,94,089 shares. Company has a market cap of $1,675 M.
In a different news, on Jun 9, 2016, Austin P Young (director) sold 5,000 shares at $74.18 per share price. According to the SEC, on Jun 3, 2016, Peter A Feld (director) sold 313,918 shares at $72.49 per share price. On May 31, 2016, Arthur A Arizpe (EVP of Client Services and COO) sold 6,000 shares at $70.50 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.