Insperity (NYSE:NSP) Downgraded by William Blair

Insperity (NYSE:NSP) was downgraded by equities research analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, Briefing.com reports.

Insperity Stock Down 1.1 %

Shares of NYSE NSP opened at $90.89 on Tuesday. Insperity has a 1 year low of $84.78 and a 1 year high of $119.40. The firm’s 50-day moving average is $93.73 and its 200-day moving average is $97.85. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $3.42 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12.

Insperity (NYSE:NSP) last released its quarterly earnings data 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. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. Equities analysts expect that Insperity will post 2.43 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Paul J. Sarvadi sold 16,123 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total value of $1,487,024.29. Following the completion of the transaction, the chief executive officer now owns 509,129 shares of the company’s stock, valued at approximately $46,956,967.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Insperity

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Securities Inc. bought a new position in Insperity in the fourth quarter valued at approximately $32,000. C M Bidwell & Associates Ltd. bought a new stake in Insperity in the 4th quarter valued at $34,000. Quarry LP acquired a new position in Insperity in the 4th quarter worth $55,000. nVerses Capital LLC bought a new position in Insperity during the 2nd quarter worth about $64,000. Finally, Quest Partners LLC acquired a new stake in shares of Insperity in the 4th quarter valued at about $92,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

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.