Insperity, Inc. (NSP) Director Mckenna Michelle Sells 600 Shares
Insperity, Inc. (NYSE:NSP) Director Mckenna Michelle sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $83.82, for a total transaction of $50,292.00. Following the transaction, the director now owns 1,745 shares in the company, valued at $146,265.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Insperity, Inc. (NYSE NSP) traded up 2.00% during trading on Monday, reaching $84.05. 89,128 shares of the company traded hands. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 24.34 and a beta of 0.76. The company has a 50 day moving average price of $75.57 and a 200 day moving average price of $80.46. Insperity, Inc. has a 12-month low of $64.55 and a 12-month high of $93.65.
Insperity (NYSE:NSP) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.14. The company had revenue of $795.50 million for the quarter, compared to analysts’ expectations of $778.88 million. Insperity had a net margin of 2.34% and a return on equity of 96.85%. Insperity’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. On average, equities analysts predict that Insperity, Inc. will post $4.55 EPS for the current year.
A number of equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Insperity from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 29th. Zacks Investment Research lowered shares of Insperity from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. Finally, Roth Capital upgraded shares of Insperity from a “neutral” rating to a “buy” rating and upped their target price for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $94.00.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in Insperity by 9.2% in the second quarter. State Street Corp now owns 440,908 shares of the business services provider’s stock valued at $31,305,000 after buying an additional 37,007 shares during the period. Gotham Asset Management LLC bought a new position in Insperity during the second quarter valued at $831,000. Tudor Investment Corp ET AL bought a new position in Insperity during the second quarter valued at $1,079,000. Numeric Investors LLC boosted its position in Insperity by 21.6% in the second quarter. Numeric Investors LLC now owns 330,806 shares of the business services provider’s stock valued at $23,487,000 after buying an additional 58,684 shares during the period. Finally, Zacks Investment Management boosted its position in Insperity by 3.5% in the second quarter. Zacks Investment Management now owns 15,888 shares of the business services provider’s stock valued at $1,128,000 after buying an additional 535 shares during the period. Institutional investors own 82.30% of the company’s stock.
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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