Insperity Inc. (NSP) Reaches New 12-Month High at $78.99
Shares of Insperity Inc. (NYSE:NSP) hit a new 52-week high on Thursday . The company 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.
A number of brokerages have weighed in on NSP. Roth Capital upped their price target on Insperity from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, May 3rd. Zacks Investment Research cut Insperity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 20th. Robert W. Baird restated a “buy” rating on shares of Insperity in a report on Monday, May 2nd. Finally, First Analysis cut Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 target price on the stock. in a report on Thursday, July 7th.
The stock has a market cap of $1.69 billion and a price-to-earnings ratio of 32.41. The stock’s 50-day moving average is $75.15 and its 200 day moving average is $57.47.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Monday, May 2nd. The company reported $1.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.28. The company earned $802.40 million during the quarter, compared to analysts’ expectations of $803.71 million. During the same period in the prior year, the business posted $0.86 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities research analysts forecast that Insperity Inc. will post $3.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Investors of record on Tuesday, June 7th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, June 3rd. This is a boost from Insperity’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 1.26%.
In other news, COO Arthur A. Arizpe sold 8,000 shares of Insperity stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $66.49, for a total value of $531,920.00. Following the sale, the chief operating officer now owns 102,408 shares in the company, valued at $6,809,107.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eli Jones sold 7,026 shares of Insperity stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $57.39, for a total transaction of $403,222.14. Following the completion of the sale, the director now owns 518 shares in the company, valued at approximately $29,728.02. The disclosure for this sale can be found here.
Several hedge funds recently made changes to their positions in the stock. American Century Companies Inc. bought a new stake in shares of Insperity during the fourth quarter valued at about $1,946,000. California State Teachers Retirement System raised its stake in shares of Insperity by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 35,911 shares of the company’s stock valued at $1,729,000 after buying an additional 627 shares during the period. 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 valued at $3,784,000 after buying an additional 73,979 shares during the period. 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 valued at $9,394,000 after buying an additional 76,075 shares during the period. Finally, 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 valued at $5,053,000 after buying an additional 25,745 shares during the period.
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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