Insperity, Inc. (NSP) CEO Paul J. Sarvadi Sells 30,000 Shares
Insperity, Inc. (NYSE:NSP) CEO Paul J. Sarvadi sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $103.26, for a total transaction of $3,097,800.00. Following the completion of the sale, the chief executive officer now directly owns 252,248 shares in the company, valued at approximately $26,047,128.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Insperity, Inc. (NYSE NSP) opened at $104.25 on Tuesday. Insperity, Inc. has a fifty-two week low of $67.55 and a fifty-two week high of $104.50. The stock has a market cap of $2,093.67, a PE ratio of 26.86, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.16 and a quick ratio of 1.16.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. The company had revenue of $795.50 million for the quarter, compared to the consensus estimate of $786.44 million. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 earnings per share. equities research analysts expect that Insperity, Inc. will post 3.94 EPS for the current fiscal year.
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Several brokerages have issued reports on NSP. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $110.00 price target on shares of Insperity in a report on Friday. They noted that the move was a valuation call. BidaskClub raised shares of Insperity from a “sell” rating to a “hold” rating in a report on Sunday, August 6th. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Monday, August 7th. Finally, Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and upped their price target for the company from $84.00 to $92.00 in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Insperity presently has a consensus rating of “Hold” and a consensus target price of $97.20.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its stake in shares of Insperity by 17.7% during the second quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock valued at $103,000 after buying an additional 217 shares during the period. Ameritas Investment Partners Inc. lifted its stake in shares of Insperity by 18.6% during the second quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock valued at $114,000 after buying an additional 252 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Insperity by 78.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,611 shares of the business services provider’s stock valued at $134,000 after buying an additional 707 shares during the period. LS Investment Advisors LLC lifted its stake in shares of Insperity by 29.3% during the third quarter. LS Investment Advisors LLC now owns 2,527 shares of the business services provider’s stock valued at $222,000 after buying an additional 573 shares during the period. Finally, Shaker Investments LLC OH purchased a new position in shares of Insperity during the third quarter valued at approximately $238,000. 81.74% of the stock is currently owned by institutional investors and hedge funds.
Insperity Company Profile
Insperity, Inc provides a range of human resources (HR) and business 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, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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