Insperity COO Sells $315,090 in Stock (NSP)
Insperity (NYSE:NSP) COO Arthur Arizpe sold 9,000 shares of the stock on the open market in a transaction dated Thursday, September 12th. The shares were sold at an average price of $35.01, for a total value of $315,090.00. Following the sale, the chief operating officer now directly owns 116,492 shares in the company. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on NSP. 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 0.97% during mid-day trading on Friday, hitting $35.54. 125,530 shares of the company’s stock traded hands. Insperity has a 52-week low of $24.88 and a 52-week high of $35.56. The stock has a 50-day moving average of $33.37 and a 200-day moving average of $30.51. The company has a market cap of $910.2 million and a price-to-earnings ratio of 24.09.
Insperity (NYSE:NSP) last posted its quarterly earnings results 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 announced a quarterly dividend, which is scheduled for Friday, September 27th. Stockholders 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 1.93%. 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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