Here’s Why Investors Should Retain Insperity (NSP) StockOctober 21, 2018
Insperity, Inc. ( NSP – Free Report ) is benefiting from a booming professional employer organization (PEO) industry and rise in average number of worksite employees paid per month.
With an expected long-term earnings per share growth rate of 18% and a market cap of $4.8 billion, Insperity seems to be a stock that investors should retain in their portfolio for now.
Factors Driving Insperity’s Performance
In second-quarter 2018, Insperity’s PEO solutions’ revenues from the United States grew 15.9% year over year.
Apart from PEO services, Insperity is focusing on its Workforce Administration solution that provides human capital management and payroll services solution.
The company’s second-quarter 2018 revenues totaled $922.3 million (up 15.9% year over year), courtesy of a 13.1% increase in the average number of worksite employees paid per month and a 2.4% increase in revenues per worksite employee per month.
Insperity, Inc. Price and Consensus
However, we believe that worksite employee growth bodes well for Insperity and will continue to boost its top and bottom lines.
Zacks Rank & Stocks to Consider
Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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