Insider Selling: Insperity Inc (NYSE:NSP) EVP Sells 2,500 Shares of Stock
Insperity Inc (NYSE:NSP) EVP Arthur A. Arizpe sold 2,500 shares of Insperity stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $85.00, for a total transaction of $212,500.00. Following the completion of the sale, the executive vice president now directly owns 23,653 shares in the company, valued at approximately $2,010,505. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Insperity Inc (NYSE:NSP) traded up 1.45% during mid-day trading on Wednesday, reaching $84.00. 133,438 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $74.24 and its 200-day moving average price is $79.80. Insperity Inc has a 12-month low of $64.55 and a 12-month high of $93.65. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 24.31 and a beta of 0.76.
Insperity (NYSE:NSP) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.14. The business had revenue of $795.50 million for the quarter, compared to analysts’ expectations of $778.88 million. Insperity had a net margin of 1.76% and a return on equity of 64.94%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. Equities research analysts forecast that Insperity Inc will post $4.55 earnings per share for the current year.
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Several analysts have commented on NSP shares. Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Monday. Finally, BidaskClub raised shares of Insperity from a “sell” rating to a “hold” rating in a research report on Sunday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $94.00.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Insperity by 31,621.5% in the first quarter. BlackRock Inc. now owns 2,803,548 shares of the business services provider’s stock valued at $248,536,000 after buying an additional 2,794,710 shares in the last quarter. Vanguard Group Inc. boosted its position in Insperity by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,151,051 shares of the business services provider’s stock valued at $190,691,000 after buying an additional 111,896 shares in the last quarter. Rothschild Asset Management Inc. boosted its position in Insperity by 4.3% in the second quarter. Rothschild Asset Management Inc. now owns 414,559 shares of the business services provider’s stock valued at $29,434,000 after buying an additional 17,244 shares in the last quarter. State Street Corp boosted its position in Insperity by 8.1% in the first quarter. State Street Corp now owns 403,901 shares of the business services provider’s stock valued at $35,803,000 after buying an additional 30,424 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Insperity by 3.6% in the second quarter. Prudential Financial Inc. now owns 385,711 shares of the business services provider’s stock valued at $27,385,000 after buying an additional 13,430 shares in the last quarter. Institutional investors and hedge funds own 82.58% of the company’s stock.
Insperity, Inc provides a range 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, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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