Insperity Inc. (NSP) Sees Strong Trading Volume
Insperity Inc. (NYSE:NSP) saw strong trading volume on Monday . 145,681 shares were traded during 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 research firms recently weighed in on NSP. Roth Capital upped their price target on Insperity from $72.00 to $76.00 and gave the stock a “buy” rating in a 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 price target on the stock. in a report on Thursday, July 7th.
The firm has a 50 day moving average price of $75.49 and a 200-day moving average price of $57.98. The stock has a market cap of $1.69 billion and a price-to-earnings ratio of 32.38.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Monday, May 2nd. The company reported $1.63 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.28. The firm earned $802.40 million during the quarter, compared to analyst estimates of $803.71 million. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. On average, equities analysts expect that Insperity Inc. will post $3.52 earnings per share for the current year.
The company 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 dividend on an annualized basis and a yield of 1.27%. This is a boost from Insperity’s previous quarterly dividend of $0.22.
In other Insperity news, Director Austin P. Young sold 5,000 shares of Insperity stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $74.18, for a total value of $370,900.00. Following the completion of the transaction, the director now directly owns 18,229 shares in the company, valued at $1,352,227.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter A. Feld sold 313,918 shares of Insperity stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $72.50, for a total value of $22,759,055.00. Following the completion of the transaction, the director now owns 2,910 shares of the company’s stock, valued at $210,975. The disclosure for this sale can be found here.
A number of institutional investors recently modified their holdings of the stock. Sawtooth Asset Management Inc. increased its position 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. Rhumbline Advisers increased its position in shares of Insperity by 4.8% in the fourth quarter. Rhumbline Advisers now owns 35,282 shares of the company’s stock worth $1,699,000 after buying an additional 1,615 shares during the last quarter. California State Teachers Retirement System increased its position 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 worth $1,729,000 after buying an additional 627 shares during the last quarter. Sei Investments Co. increased its position in shares of Insperity by 10.5% in the fourth quarter. Sei Investments Co. now owns 48,323 shares of the company’s stock worth $2,327,000 after buying an additional 4,573 shares during the last quarter. Finally, Marshall Wace LLP increased its position 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.
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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