Insperity Inc. (NSP) Sees Large Volume Increase
Insperity Inc. (NYSE:NSP) saw strong trading volume on Monday . 145,681 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 197,372 shares.The stock last traded at $79.17 and had previously closed at $79.06.
A number of analysts have issued reports on the company. Zacks Investment Research raised Insperity from a “hold” rating to a “strong-buy” rating and set a $74.00 target price for the company in a research report on Saturday, May 7th. First Analysis downgraded Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 target price for the company. in a research report on Thursday, July 7th. Robert W. Baird upgraded Insperity from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $59.00 in a research report on Friday, April 29th. Finally, Roth Capital lifted 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.
The company has a market capitalization of $1.69 billion and a P/E ratio of 32.47. The firm’s 50-day moving average is $75.38 and its 200 day moving average is $57.83.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Monday, May 2nd. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.28. During the same quarter in the previous year, the company earned $0.86 EPS. The company earned $802.40 million during the quarter, compared to analysts’ expectations of $803.71 million. The business’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts anticipate that Insperity Inc. will post $3.52 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 21st. Investors of record on Tuesday, June 7th were paid a $0.25 dividend. The ex-dividend date was Friday, June 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. This is an increase from Insperity’s previous quarterly dividend of $0.22.
In related news, SVP Daniel D. Herink sold 9,616 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $59.19, for a total value of $569,171.04. Following the transaction, the senior vice president now directly owns 37,243 shares of the company’s stock, valued at approximately $2,204,413.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas S. Sharp sold 9,623 shares of the company’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $59.14, for a total value of $569,104.22. Following the completion of the transaction, the chief financial officer now directly owns 25,252 shares in the company, valued at $1,493,403.28. The disclosure for this sale can be found here.
A number of institutional investors have added to or reduced their stakes in NSP. Sawtooth Asset Management Inc. boosted its position in Insperity by 18,113.2% in the fourth quarter. Sawtooth Asset Management Inc. now owns 20,763 shares of the company’s stock valued at $1,000,000 after buying an additional 20,649 shares during the period. Rhumbline Advisers boosted its position in Insperity by 4.8% in the fourth quarter. Rhumbline Advisers now owns 35,282 shares of the company’s stock valued at $1,699,000 after buying an additional 1,615 shares during the period. California State Teachers Retirement System boosted its position in 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. American Century Companies Inc. acquired a new position in Insperity during the fourth quarter valued at about $1,946,000. Finally, Sei Investments Co. boosted its position in Insperity by 10.5% in the fourth quarter. Sei Investments Co. now owns 48,323 shares of the company’s stock valued at $2,327,000 after buying an additional 4,573 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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