Truist Financial Has Lowered Expectations for Insperity (NYSE:NSP) Stock Price

Insperity (NYSE:NSP) had its target price reduced by equities researchers at Truist Financial from $88.00 to $82.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the business services provider’s stock. Truist Financial’s price target suggests a potential downside of 2.54% from the company’s current price.

Separately, StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $93.67.

Insperity Trading Down 1.2 %

Shares of NYSE NSP traded down $0.98 on Tuesday, reaching $84.14. 44,959 shares of the company traded hands, compared to its average volume of 329,275. Insperity has a fifty-two week low of $68.79 and a fifty-two week high of $109.80. The company has a 50 day moving average of $86.13 and a 200 day moving average of $82.06. The stock has a market capitalization of $3.13 billion, a PE ratio of 34.91 and a beta of 0.67. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80.

Insider Activity

In other Insperity news, Director Ellen H. Masterson purchased 1,755 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was acquired at an average cost of $85.75 per share, with a total value of $150,491.25. Following the acquisition, the director now owns 16,612 shares of the company’s stock, valued at approximately $1,424,479. This represents a 11.81 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Paul J. Sarvadi sold 25,000 shares of Insperity stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the transaction, the chief executive officer now owns 436,584 shares of the company’s stock, valued at approximately $36,812,762.88. The trade was a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NSP. Value Holdings Management CO. LLC grew its position in Insperity by 4.2% in the 4th quarter. Value Holdings Management CO. LLC now owns 237,798 shares of the business services provider’s stock worth $18,432,000 after purchasing an additional 9,600 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Insperity by 493.2% during the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 291 shares during the period. Reinhart Partners LLC. lifted its holdings in Insperity by 8.3% in the fourth quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after purchasing an additional 89,809 shares during the period. JPMorgan Chase & Co. grew its position in Insperity by 16.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 150,669 shares of the business services provider’s stock valued at $13,259,000 after buying an additional 21,325 shares in the last quarter. Finally, Barclays PLC increased its stake in Insperity by 129.7% during the 3rd quarter. Barclays PLC now owns 82,580 shares of the business services provider’s stock valued at $7,269,000 after buying an additional 46,625 shares during the period. 93.44% of the stock is currently owned by institutional investors.

Insperity Company Profile

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.