Insperity, Inc. (NSP) President Sells $947,703.00 in Stock
Insperity, Inc. (NYSE:NSP) President Richard G. Rawson sold 9,201 shares of Insperity stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $103.00, for a total transaction of $947,703.00. Following the sale, the president now directly owns 97,410 shares of the company’s stock, valued at approximately $10,033,230. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Insperity, Inc. (NYSE NSP) traded up $3.80 during trading on Monday, reaching $104.25. 136,596 shares of the company’s stock were exchanged, compared to its average volume of 125,954. The firm has a market cap of $2,120.00, a price-to-earnings 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 quick ratio of 1.16 and a current ratio of 1.16. Insperity, Inc. has a 52-week low of $67.55 and a 52-week high of $104.50.
Insperity (NYSE:NSP) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The company had revenue of $795.50 million for the quarter, compared to the consensus estimate of $786.44 million. During the same quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. analysts forecast that Insperity, Inc. will post 3.94 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Suntrust Banks Inc. increased its stake in Insperity by 1.6% in the second quarter. Suntrust Banks Inc. now owns 3,457 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 53 shares during the period. Albion Financial Group UT grew its stake in Insperity by 1.8% during the second quarter. Albion Financial Group UT now owns 3,358 shares of the business services provider’s stock worth $238,000 after buying an additional 60 shares during the last quarter. First National Bank of Hutchinson grew its stake in Insperity by 1.1% during the second quarter. First National Bank of Hutchinson now owns 6,216 shares of the business services provider’s stock worth $453,000 after buying an additional 66 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Insperity by 1.5% during the second quarter. Alps Advisors Inc. now owns 5,868 shares of the business services provider’s stock worth $417,000 after purchasing an additional 86 shares in the last quarter. Finally, Renaissance Group LLC lifted its position in shares of Insperity by 2.4% during the second quarter. Renaissance Group LLC now owns 4,010 shares of the business services provider’s stock worth $285,000 after purchasing an additional 93 shares in the last quarter. 81.74% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on NSP. BidaskClub lowered shares of Insperity from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $84.00 to $92.00 in a research note on Tuesday, August 1st. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $110.00 price objective on shares of Insperity in a research note on Friday. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Insperity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Insperity currently has a consensus rating of “Hold” and a consensus target price of $97.20.
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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