Insperity President Sells $119,875 in Stock (NSP)
Insperity (NYSE:NSP) President Richard Rawson sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $34.25, for a total value of $119,875.00. Following the completion of the transaction, the president now directly owns 156,643 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
NSP has been the subject of a number of recent research reports. Analysts at Roth Capital raised their price target on shares of Insperity (NYSE:NSP) from $33.00 to $43.00 in a research note to investors on Tuesday, August 6th. They now have a “buy” rating on the stock. Analysts at SunTrust raised their price target on shares of Insperity (NYSE:NSP) from $30.00 to $33.00 in a research note to investors on Friday, August 2nd.
Shares of Insperity (NYSE:NSP) traded up 1.95% during mid-day trading on Wednesday, hitting $35.00. 65,070 shares of the company’s stock traded hands. Insperity has a 52 week low of $24.88 and a 52 week high of $35.03. The stock’s 50-day moving average is $33.24 and its 200-day moving average is $30.43. The company has a market cap of $896.4 million and a price-to-earnings ratio of 23.50.
Insperity (NYSE:NSP) last announced its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.07. The company had revenue of $547.27 million for the quarter, compared to the consensus estimate of $546.90 million. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Insperity will post $1.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 27th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Wednesday, September 4th.
Insperity, Inc, formerly Administaff, Inc, is a provider of human resources (NYSE:NSP) and business performance solutions.
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