Arthur A. Arizpe Sells 5,291 Shares of Insperity, Inc. (NSP) Stock
Insperity, Inc. (NYSE:NSP) EVP Arthur A. Arizpe sold 5,291 shares of Insperity stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $89.07, for a total value of $471,269.37. Following the transaction, the executive vice president now directly owns 18,653 shares in the company, valued at $1,661,422.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Insperity, Inc. (NSP) traded up 0.82% on Tuesday, reaching $91.70. 172,229 shares of the company traded hands. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 26.56 and a beta of 0.79. The company has a 50-day moving average of $82.41 and a 200-day moving average of $80.73. Insperity, Inc. has a 1-year low of $64.55 and a 1-year high of $93.65.
Insperity (NYSE:NSP) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating the 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 firm had revenue of $795.50 million during the quarter, compared to analyst estimates of $778.88 million. During the same period in the previous year, the firm earned $0.60 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. Analysts anticipate that Insperity, Inc. will post $4.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, September 7th. Insperity’s dividend payout ratio (DPR) is presently 34.68%.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings 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 in the last quarter. Renaissance Technologies LLC grew its position in shares of Insperity by 97.8% during the 2nd quarter. Renaissance Technologies LLC now owns 316,633 shares of the business services provider’s stock valued at $22,481,000 after acquiring an additional 156,549 shares during the period. Teachers Advisors LLC grew its position in shares of Insperity by 156.0% during the 1st quarter. Teachers Advisors LLC now owns 213,397 shares of the business services provider’s stock valued at $18,918,000 after acquiring an additional 130,047 shares during the period. Vanguard Group Inc. grew its position in shares of Insperity by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 2,151,051 shares of the business services provider’s stock valued at $190,691,000 after acquiring an additional 111,896 shares during the period. Finally, Mawer Investment Management Ltd. grew its position in shares of Insperity by 32.5% during the 2nd quarter. Mawer Investment Management Ltd. now owns 262,136 shares of the business services provider’s stock valued at $18,612,000 after acquiring an additional 64,236 shares during the period. Institutional investors own 79.71% of the company’s stock.
Several equities research analysts recently issued reports on NSP shares. BidaskClub lowered shares of Insperity from a “sell” rating to a “strong sell” rating in a report on Thursday, June 29th. Zacks Investment Research downgraded shares of Insperity from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and lifted their price target for the company from $84.00 to $92.00 in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Insperity presently has an average rating of “Hold” and an average price target of $94.00.
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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