Insperity Inc (NYSE:NSP) Chairman Paul J. Sarvadi sold 30,000 shares of Insperity stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $116.61, for a total transaction of $3,498,300.00. Following the sale, the chairman now directly owns 598,962 shares of the company’s stock, valued at $69,844,958.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NYSE NSP traded down $4.37 during mid-day trading on Friday, reaching $114.32. 5,345 shares of the company were exchanged, compared to its average volume of 358,402. Insperity Inc has a 52 week low of $52.17 and a 52 week high of $121.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $4.74 billion, a P/E ratio of 56.01, a P/E/G ratio of 1.88 and a beta of 0.90.
Insperity (NYSE:NSP) last posted its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.14. Insperity had a net margin of 3.41% and a return on equity of 123.25%. The company had revenue of $925.13 million during the quarter, compared to the consensus estimate of $935.62 million. During the same period in the previous year, the firm posted $1.14 EPS. The firm’s revenue was up 16.3% compared to the same quarter last year. As a group, analysts forecast that Insperity Inc will post 3.35 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of NSP. Private Capital Group LLC lifted its stake in Insperity by 566.1% in the second quarter. Private Capital Group LLC now owns 1,099 shares of the business services provider’s stock worth $104,000 after purchasing an additional 934 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Insperity in the second quarter worth $124,000. Advisory Services Network LLC bought a new stake in Insperity in the second quarter worth $164,000. Macquarie Group Ltd. lifted its stake in Insperity by 53.8% in the second quarter. Macquarie Group Ltd. now owns 2,000 shares of the business services provider’s stock worth $191,000 after purchasing an additional 700 shares during the last quarter. Finally, Advisors Preferred LLC lifted its stake in Insperity by 825.0% in the second quarter. Advisors Preferred LLC now owns 2,109 shares of the business services provider’s stock worth $201,000 after purchasing an additional 1,881 shares during the last quarter. 83.10% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Insperity Inc (NSP) Chairman Sells $3,498,300.00 in Stock” was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://sportsperspectives.com/2018/11/09/insperity-inc-nsp-chairman-sells-3498300-00-in-stock.html.
Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.
Recommended Story: Technical Analysis
Receive News & Ratings for Insperity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insperity and related companies with MarketBeat.com's FREE daily email newsletter.