Insider Selling: Insperity Inc (NSP) President Sells 45,000 Shares of Stock
Insperity Inc (NYSE:NSP) President Richard G. Rawson sold 45,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $64.12, for a total transaction of $2,885,400.00. Following the completion of the transaction, the president now owns 152,319 shares of the company’s stock, valued at approximately $9,766,694.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Insperity Inc (NSP) traded up $0.55 during trading hours on Thursday, hitting $65.80. 273,238 shares of the stock traded hands, compared to its average volume of 229,494. Insperity Inc has a one year low of $34.88 and a one year high of $67.40. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $2,740.00, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 1.31 and a beta of 0.94.
Insperity (NYSE:NSP) last posted its quarterly earnings data on Monday, February 12th. The business services provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.37). Insperity had a net margin of 2.55% and a return on equity of 102.86%. The business had revenue of $826.50 million for the quarter, compared to the consensus estimate of $813.28 million. During the same quarter last year, the business posted $0.58 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. equities analysts forecast that Insperity Inc will post 2.72 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. USA Mutuals Advisors Inc. bought a new position in shares of Insperity during the 4th quarter valued at about $100,000. Ameritas Investment Partners Inc. lifted its stake in Insperity by 18.6% during the second quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock valued at $114,000 after buying an additional 252 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Insperity by 100.0% during the fourth quarter. Mutual of America Capital Management LLC now owns 2,000 shares of the business services provider’s stock valued at $115,000 after buying an additional 1,000 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Insperity by 100.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,200 shares of the business services provider’s stock valued at $126,000 after buying an additional 1,100 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Insperity by 78.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,611 shares of the business services provider’s stock valued at $134,000 after buying an additional 707 shares in the last quarter. Institutional investors own 65.04% of the company’s stock.
Several research firms have recently weighed in on NSP. Roth Capital raised their price objective on shares of Insperity from $58.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Robert W. Baird restated a “buy” rating and set a $56.00 price objective on shares of Insperity in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Monday. Finally, SunTrust Banks restated a “hold” rating and set a $55.00 price objective on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Insperity presently has a consensus rating of “Hold” and a consensus target price of $64.00.
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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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