Insperity, Inc. (NSP) EVP Sells $471,269.37 in Stock
Insperity, Inc. (NYSE:NSP) EVP Arthur A. Arizpe sold 5,291 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $89.07, for a total value of $471,269.37. Following the sale, the executive vice president now directly owns 18,653 shares in the company, valued at approximately $1,661,422.71. 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 93.05 on Friday. The firm has a market cap of $1.94 billion, a P/E ratio of 26.95 and a beta of 0.79. The firm has a 50 day moving average price of $82.97 and a 200-day moving average price of $80.91. Insperity, Inc. has a one year low of $64.55 and a one year high of $93.85.
Insperity (NYSE:NSP) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. The firm had revenue of $795.50 million during the quarter, compared to analyst estimates of $778.88 million. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. Analysts forecast that Insperity, Inc. will post $4.55 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.29%. Insperity’s dividend payout ratio (DPR) is currently 34.68%.
A number of equities research analysts recently issued reports on the company. BidaskClub downgraded Insperity from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 29th. Zacks Investment Research downgraded Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and increased their price target for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Insperity presently has a consensus rating of “Hold” and a consensus target price of $94.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. grew its position in shares of Insperity by 10.1% during the 3rd quarter. Eqis Capital Management Inc. now owns 10,485 shares of the business services provider’s stock valued at $923,000 after purchasing an additional 958 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Insperity during the 2nd quarter valued at $1,086,000. Verition Fund Management LLC grew its position in shares of Insperity by 41.3% during the 2nd quarter. Verition Fund Management LLC now owns 7,507 shares of the business services provider’s stock valued at $533,000 after purchasing an additional 2,193 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Insperity during the 2nd quarter valued at $288,000. Finally, Ameritas Investment Partners Inc. grew its position in shares of Insperity by 18.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 79.71% 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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