Insperity Inc. (NSP) Sees Unusually-High Trading Volume
Insperity Inc. (NYSE:NSP) shares saw unusually-strong trading volume on Monday . Approximately 399,545 shares changed hands during trading, an increase of 86% from the previous session’s volume of 214,878 shares.The stock last traded at $71.61 and had previously closed at $70.50.
Several research analysts have commented on NSP shares. 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 note on Thursday, July 7th. Zacks Investment Research downgraded Insperity from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th.
The stock has a market capitalization of $1.53 billion, a P/E ratio of 27.06 and a beta of 1.08. The stock’s 50-day moving average is $67.24 and its 200-day moving average is $65.44.
Insperity (NYSE:NSP) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. Insperity had a return on equity of 50.25% and a net margin of 2.17%. The company earned $707.33 million during the quarter, compared to analyst estimates of $720.85 million. During the same quarter last year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts expect that Insperity Inc. will post $3.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 19th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, September 15th. Insperity’s dividend payout ratio (DPR) is currently 36.76%.
In other Insperity news, Director Michael W. Brown sold 20,513 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $67.02, for a total value of $1,374,781.26. Following the completion of the transaction, the director now owns 16,058 shares in the company, valued at approximately $1,076,207.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jay E. Mincks sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $69.00, for a total value of $138,000.00. The disclosure for this sale can be found here. 27.47% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Glenmede Trust Co. NA increased its position in shares of Insperity by 0.4% in the first quarter. Glenmede Trust Co. NA now owns 5,046 shares of the company’s stock valued at $259,000 after buying an additional 22 shares in the last quarter. PineBridge Investments L.P. increased its position in shares of Insperity by 4.4% in the second quarter. PineBridge Investments L.P. now owns 2,061 shares of the company’s stock valued at $159,000 after buying an additional 87 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Insperity by 0.6% in the second quarter. Nisa Investment Advisors LLC now owns 16,200 shares of the company’s stock valued at $1,251,000 after buying an additional 100 shares in the last quarter. Eqis Capital Management Inc. increased its position in shares of Insperity by 1.3% in the second quarter. Eqis Capital Management Inc. now owns 8,876 shares of the company’s stock valued at $685,000 after buying an additional 114 shares in the last quarter. Finally, Synovus Financial Corp increased its position in shares of Insperity by 0.5% in the second quarter. Synovus Financial Corp now owns 27,681 shares of the company’s stock valued at $2,137,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 82.14% of the company’s stock.
Insperity Company Profile
Insperity, Inc (Insperity) provides an array 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, government compliance, performance management, and training and development services.
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