Insider Selling: Paul Sarvadi Unloads 7,500 Shares of Insperity Stock (NSP)
Insperity (NYSE:NSP) CEO Paul Sarvadi sold 7,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $35.21, for a total value of $264,075.00. Following the completion of the transaction, the chief executive officer now directly owns 244,134 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on NSP shares. 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.
Insperity (NYSE:NSP) traded up 0.57% during mid-day trading on Thursday, hitting $35.20. 115,602 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 $901.5 million and a price-to-earnings ratio of 23.96.
Insperity (NYSE:NSP) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue 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 declared a quarterly dividend, which is scheduled for Friday, September 27th. Shareholders of record on Friday, September 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend 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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