Insperity, Inc. (NYSE:NSP) President Richard G. Rawson sold 22,257 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $84.40, for a total transaction of $1,878,490.80. Following the completion of the transaction, the president now owns 118,152 shares of the company’s stock, valued at $9,972,028.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Insperity, Inc. (NSP) opened at 84.00 on Thursday. The firm has a market capitalization of $1.73 billion, a PE ratio of 24.31 and a beta of 0.76. Insperity, Inc. has a 12 month low of $64.55 and a 12 month high of $93.65. The firm has a 50-day moving average of $74.91 and a 200 day moving average of $80.15.
Insperity (NYSE:NSP) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. Equities research analysts forecast that Insperity, Inc. will post $4.55 earnings per share for the current year.
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Several equities analysts have issued reports on NSP shares. Zacks Investment Research cut shares of Insperity from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. BidaskClub cut shares of Insperity from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 29th. Finally, Roth Capital upgraded 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 research report on Tuesday, August 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $94.00.
Several large investors have recently made changes to their positions in NSP. Victory Capital Management Inc. raised its stake in shares of Insperity by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock worth $103,000 after buying an additional 217 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Insperity during the first quarter worth $120,000. Meeder Asset Management Inc. acquired a new stake in shares of Insperity during the first quarter worth $129,000. Bank of Montreal Can raised its stake in shares of Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock worth $156,000 after buying an additional 19 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in shares of Insperity by 172.8% in the first quarter. LS Investment Advisors LLC now owns 1,972 shares of the business services provider’s stock worth $175,000 after buying an additional 1,249 shares during the last quarter. Hedge funds and other institutional investors own 82.58% of the company’s stock.
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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