Insperity Inc (NSP) Chairman Sells $3,498,300.00 in Stock

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 research firms have recently issued reports on NSP. Robert W. Baird lifted their price objective on shares of Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a report on Tuesday, August 7th. First Analysis reaffirmed an “equal weight” rating on shares of Insperity in a report on Thursday, August 2nd. Finally, Roth Capital lifted their price objective on shares of Insperity from $88.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Insperity currently has a consensus rating of “Buy” and a consensus price target of $110.80.

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.

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About Insperity

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.

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