Insider Selling: Insperity Inc. (NSP) Director Sells 32,205 Shares of Stock
Insperity Inc. (NYSE:NSP) Director Peter A. Feld sold 32,205 shares of Insperity stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $73.08, for a total transaction of $2,353,541.40. Following the completion of the sale, the director now owns 4,591 shares of the company’s stock, valued at approximately $335,510.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Insperity Inc. (NYSE:NSP) traded down 0.28% during trading on Wednesday, hitting $72.40. 151,761 shares of the stock traded hands. The company has a market cap of $1.54 billion, a P/E ratio of 25.55 and a beta of 0.92. The stock has a 50-day moving average of $72.24 and a 200 day moving average of $72.21. Insperity Inc. has a 1-year low of $41.83 and a 1-year high of $82.18.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The company earned $702.50 million during the quarter, compared to analyst estimates of $710.30 million. Insperity had a net margin of 2.18% and a return on equity of 67.31%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, equities research analysts predict that Insperity Inc. will post $3.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.00 annualized dividend and a yield of 1.38%. Insperity’s payout ratio is currently 34.48%.
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Separately, Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Wednesday, August 3rd.
A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can bought a new position in Insperity during the second quarter valued at $136,000. Meeder Asset Management Inc. acquired a new position in shares of Insperity during the second quarter worth $440,000. New York State Teachers Retirement System raised its position in shares of Insperity by 7.6% in the second quarter. New York State Teachers Retirement System now owns 65,466 shares of the company’s stock worth $5,056,000 after buying an additional 4,600 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Insperity during the second quarter worth $1,201,000. Finally, First Quadrant L P CA raised its position in shares of Insperity by 610.3% in the second quarter. First Quadrant L P CA now owns 20,600 shares of the company’s stock worth $1,591,000 after buying an additional 17,700 shares in the last quarter. Institutional investors own 83.16% 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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