Insperity, Inc. (NSP) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS
Insperity, Inc. (NYSE:NSP) released its quarterly earnings results on Monday. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.16, Bloomberg Earnings reports. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The company had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $786.44 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year.
In related news, President Richard G. Rawson sold 22,257 shares of Insperity stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $84.40, for a total value of $1,878,490.80. Following the sale, the president now owns 118,152 shares of the company’s stock, valued at $9,972,028.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Arthur A. Arizpe sold 5,291 shares of Insperity stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $89.07, for a total value of $471,269.37. Following the completion of the sale, the executive vice president now directly owns 18,653 shares in the company, valued at approximately $1,661,422.71. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,542 shares of company stock worth $5,237,541. 13.92% of the stock is owned by company insiders.
NSP has been the subject of several research analyst reports. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Monday, August 7th. BidaskClub upgraded Insperity from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and upped their target price for the company from $84.00 to $92.00 in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $94.00.
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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