Insider Selling: Insperity, Inc. (NYSE:NSP) President Sells 22,257 Shares of Stock
Insperity, Inc. (NYSE:NSP) President Richard G. Rawson sold 22,257 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $84.40, for a total transaction of $1,878,490.80. Following the transaction, the president now directly owns 118,152 shares of the company’s stock, valued at $9,972,028.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Insperity, Inc. (NYSE NSP) traded down 1.66% during trading on Tuesday, reaching $82.80. 157,305 shares of the company traded hands. Insperity, Inc. has a 12 month low of $64.55 and a 12 month high of $93.65. The company has a 50-day moving average of $74.24 and a 200-day moving average of $79.80. The stock has a market capitalization of $1.70 billion, a PE ratio of 23.97 and a beta of 0.76.
Insperity (NYSE:NSP) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.14. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The business had revenue of $795.50 million for the quarter, compared to the consensus estimate of $778.88 million. During the same period in the prior year, the company posted $0.60 earnings per share. Insperity’s revenue was up 12.5% compared to the same quarter last year. Analysts forecast that Insperity, Inc. will post $4.55 earnings per share for the current fiscal year.
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A number of equities analysts have recently commented on NSP shares. Zacks Investment Research downgraded shares of Insperity from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. BidaskClub raised shares of Insperity from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $84.00 to $92.00 in a report on Tuesday, August 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $94.00.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Insperity by 31,621.5% in the first quarter. BlackRock Inc. now owns 2,803,548 shares of the business services provider’s stock valued at $248,536,000 after buying an additional 2,794,710 shares during the period. Norges Bank purchased a new stake in shares of Insperity during the fourth quarter worth about $16,263,000. Mawer Investment Management Ltd. purchased a new stake in shares of Insperity during the first quarter worth about $17,544,000. Teachers Advisors LLC increased its stake in shares of Insperity by 156.0% in the first quarter. Teachers Advisors LLC now owns 213,397 shares of the business services provider’s stock worth $18,918,000 after buying an additional 130,047 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Insperity by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,151,051 shares of the business services provider’s stock worth $190,691,000 after buying an additional 111,896 shares during the last quarter. Institutional investors and hedge funds own 82.58% of the company’s stock.
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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