Insperity Inc. (NSP) Sets New 12-Month High at $78.99
Insperity Inc. (NYSE:NSP) reached a new 52-week high during trading on Thursday . The stock traded as high as $78.99 and last traded at $78.63, with a volume of 38,301 shares trading hands. The stock had previously closed at $77.96.
Several equities research analysts recently commented on NSP shares. Zacks Investment Research cut shares of Insperity from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Roth Capital boosted their price objective on shares of Insperity from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, May 3rd. Robert W. Baird reaffirmed a “buy” rating on shares of Insperity in a research report on Monday, May 2nd. Finally, First Analysis cut shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 price objective on the stock. in a research report on Thursday, July 7th.
The stock’s 50-day moving average is $74.62 and its 200 day moving average is $57.09. The firm has a market capitalization of $1.68 billion and a PE ratio of 32.28.
Insperity (NYSE:NSP) last issued its quarterly earnings data on Monday, May 2nd. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.35 by $0.28. The firm had revenue of $802.40 million for the quarter, compared to analysts’ expectations of $803.71 million. During the same period in the prior year, the firm posted $0.86 EPS. Insperity’s revenue was up 14.7% on a year-over-year basis. On average, equities analysts predict that Insperity Inc. will post $3.52 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Investors of record on Tuesday, June 7th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, June 3rd. This is a positive change from Insperity’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 1.27%.
In other Insperity news, CEO Paul J. Sarvadi sold 66,000 shares of Insperity stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $65.62, for a total transaction of $4,330,920.00. Following the completion of the sale, the chief executive officer now directly owns 221,688 shares in the company, valued at $14,547,166.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eli Jones sold 7,026 shares of Insperity stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $57.39, for a total transaction of $403,222.14. Following the sale, the director now owns 518 shares of the company’s stock, valued at $29,728.02. The disclosure for this sale can be found here.
A number of large investors recently made changes to their positions in NSP. Principal Financial Group Inc. raised its stake in shares of Insperity by 63.9% in the fourth quarter. Principal Financial Group Inc. now owns 195,100 shares of the company’s stock worth $9,394,000 after buying an additional 76,075 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Insperity by 1,608.2% in the fourth quarter. Marshall Wace LLP now owns 78,579 shares of the company’s stock worth $3,784,000 after buying an additional 73,979 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Insperity during the fourth quarter worth $1,946,000. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Insperity by 32.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 104,945 shares of the company’s stock worth $5,053,000 after buying an additional 25,745 shares during the last quarter. Finally, Sawtooth Asset Management Inc. raised its stake in shares of Insperity by 18,113.2% in the fourth quarter. Sawtooth Asset Management Inc. now owns 20,763 shares of the company’s stock worth $1,000,000 after buying an additional 20,649 shares during the last quarter.
Insperity, Inc (Insperity) provides an array of human resources (HR) and business performance 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, government compliance, performance management, and training and development services.
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