Insperity Inc. (NSP) Reaches New 1-Year High at $81.24
Insperity Inc. (NYSE:NSP)’s share price reached a new 52-week high on Thursday . The stock traded as high as $81.24 and last traded at $80.92, with a volume of 120,239 shares trading hands. The stock had previously closed at $79.18.
Several research firms have weighed in on NSP. First Analysis cut Insperity from an “overweight” rating to an “equal weight” rating and set a $84.00 price target for the company. in a report on Thursday, July 7th. Zacks Investment Research cut Insperity from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. Roth Capital raised their price target on Insperity from $72.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, May 3rd. Finally, Robert W. Baird restated a “buy” rating on shares of Insperity in a report on Monday, May 2nd.
The company has a market capitalization of $1.73 billion and a price-to-earnings ratio of 33.19. The stock’s 50 day moving average is $75.69 and its 200-day moving average is $58.13.
Insperity (NYSE:NSP) last released its quarterly earnings results on Monday, May 2nd. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.28. The firm had revenue of $802.40 million for the quarter, compared to analysts’ expectations of $803.71 million. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. On average, equities research analysts predict that Insperity Inc. will post $3.52 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 21st. Stockholders of record on Tuesday, June 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. This is a boost from Insperity’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, June 3rd.
In other news, Director Peter A. Feld sold 602,193 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The stock was sold at an average price of $70.28, for a total value of $42,322,124.04. Following the completion of the sale, the director now directly owns 2,910 shares of the company’s stock, valued at approximately $204,514.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Arthur A. Arizpe sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $66.49, for a total value of $531,920.00. Following the completion of the sale, the chief operating officer now directly owns 102,408 shares of the company’s stock, valued at $6,809,107.92. The disclosure for this sale can be found here.
Several large investors recently bought and sold shares of the stock. Sawtooth Asset Management Inc. raised its stake 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 last quarter. Rhumbline Advisers raised its stake 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 last quarter. California State Teachers Retirement System raised its stake 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 last quarter. Sei Investments Co. raised its stake 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 last quarter. Finally, Marshall Wace LLP raised its stake in 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 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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