Insperity Inc (NSP) was Downgraded by ROTH Capital to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. ROTH Capital advised their Clients and Investors in a research report released on Feb 14, 2017.
On the company’s financial health, Insperity Inc reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 13, 2017. Analyst had a consensus of $0.54. The company had revenue of $729.10 million for the quarter, compared to analysts expectations of $731.99 million. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Several company insiders have filed Insider transactions , on Dec 15, 2016, Peter A Feld (director) sold 50,259 shares at $71.83 per share price. According to the SEC, on Dec 8, 2016, Mckenna Michelle (director) sold 345 shares at $72.66 per share price. On Nov 22, 2016, Paul J Sarvadi (Chairman of the Board & CEO) sold 30,000 shares at $71.89 per share price, according to the Form-4 filing with the securities and exchange commission.
Insperity Inc opened for trading at $72.35 and hit $73.85 on the upside on Friday, eventually ending the session at $73.4, with a gain of 1.94% or 1.4 points. The heightened volatility saw the trading volume jump to 1,84,867 shares. Company has a market cap of $1,562 M.
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.