Insperity, Inc. (NSP) President Richard G. Rawson Sells 10,000 Shares
Insperity, Inc. (NYSE:NSP) President Richard G. Rawson sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $105.22, for a total transaction of $1,052,200.00. Following the completion of the sale, the president now owns 97,410 shares of the company’s stock, valued at approximately $10,249,480.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Insperity, Inc. (NYSE NSP) opened at $108.00 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $2,213.51, a P/E ratio of 28.40, a P/E/G ratio of 1.50 and a beta of 0.82. Insperity, Inc. has a 52 week low of $69.20 and a 52 week high of $108.43.
Insperity (NYSE:NSP) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $0.98 by $0.16. The firm had revenue of $795.50 million during the quarter, compared to analyst estimates of $786.44 million. Insperity had a net margin of 2.43% and a return on equity of 94.38%. Insperity’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. analysts forecast that Insperity, Inc. will post 3.94 earnings per share for the current year.
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Several equities research analysts have recently commented on NSP shares. Roth Capital upgraded shares of Insperity from a “neutral” rating to a “buy” rating and boosted their price target for the company from $84.00 to $92.00 in a report on Tuesday, August 1st. Robert W. Baird restated a “buy” rating and issued a $112.00 price target on shares of Insperity in a report on Friday. SunTrust Banks, Inc. restated a “hold” rating and issued a $110.00 price target on shares of Insperity in a report on Friday, November 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a report on Monday, August 7th. Finally, BidaskClub upgraded shares of Insperity from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $101.20.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH raised its stake in shares of Insperity by 7.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 161,139 shares of the business services provider’s stock worth $14,180,000 after acquiring an additional 11,469 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Insperity by 31.6% during the 3rd quarter. Brown Advisory Inc. now owns 6,692 shares of the business services provider’s stock worth $589,000 after acquiring an additional 1,608 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Insperity by 4.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 173,802 shares of the business services provider’s stock worth $15,295,000 after acquiring an additional 8,184 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Insperity by 22.2% during the 3rd quarter. Wells Fargo & Company MN now owns 101,523 shares of the business services provider’s stock worth $8,935,000 after acquiring an additional 18,450 shares in the last quarter. Finally, Amalgamated Bank bought a new position in shares of Insperity during the 3rd quarter worth approximately $220,000. Hedge funds and other institutional investors own 81.59% of the company’s stock.
Insperity Company Profile
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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