Insperity (NYSE:NSP) Trading Up 5.4%
Insperity Inc (NYSE:NSP) shot up 5.4% during mid-day trading on Monday . The company traded as high as $66.52 and last traded at $66.33. 345,458 shares were traded during mid-day trading, a decline of 33% from the average session volume of 513,774 shares. The stock had previously closed at $62.91.
A number of analysts have issued reports on the company. Roth Capital lifted their price objective on Insperity from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Zacks Investment Research downgraded shares of Insperity from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a research note on Friday, May 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $72.50.
The company has a 50-day moving average price of $67.73 and a two-hundred day moving average price of $56.25. The stock has a market cap of $2.62 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.27 and a beta of 1.61. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 8.28.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.60 annualized dividend and a yield of 2.32%. Insperity’s payout ratio is 43.24%.
In other news, CEO Paul J. Sarvadi sold 79,623 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $69.06, for a total transaction of $5,498,764.38. Following the transaction, the chief executive officer now owns 717,408 shares of the company’s stock, valued at $49,544,196.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP James D. Allison sold 3,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $70.83, for a total value of $212,490.00. Following the completion of the sale, the senior vice president now owns 52,205 shares in the company, valued at $3,697,680.15. The disclosure for this sale can be found here. Insiders sold a total of 84,173 shares of company stock worth $5,820,018 over the last three months. 6.86% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. Jacobi Capital Management LLC grew its holdings in shares of Insperity by 3,076.9% in the second quarter. Jacobi Capital Management LLC now owns 413 shares of the business services provider’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Insperity in the 1st quarter worth about $25,000. Public Employees Retirement System of Ohio increased its position in shares of Insperity by 20.2% during the second quarter. Public Employees Retirement System of Ohio now owns 893 shares of the business services provider’s stock worth $58,000 after acquiring an additional 150 shares during the period. US Bancorp DE raised its stake in shares of Insperity by 788.6% during the first quarter. US Bancorp DE now owns 1,013 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 899 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new stake in shares of Insperity in the second quarter valued at approximately $76,000. Institutional investors and hedge funds own 85.39% of the company’s stock.
Insperity Company Profile (NYSE:NSP)
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 include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.
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