Jay E. Mincks Sells 1,500 Shares of Insperity Inc. (NSP) Stock
Insperity Inc. (NYSE:NSP) EVP Jay E. Mincks sold 1,500 shares of Insperity stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $69.55, for a total value of $104,325.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Insperity Inc. (NYSE:NSP) opened at 71.70 on Thursday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 25.30 and a beta of 0.92. Insperity Inc. has a 12 month low of $41.83 and a 12 month high of $82.18. The firm’s 50-day moving average price is $72.72 and its 200-day moving average price is $70.90.
Insperity (NYSE:NSP) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. Insperity had a return on equity of 67.31% and a net margin of 2.18%. The business had revenue of $702.50 million for the quarter, compared to analyst estimates of $710.30 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Insperity Inc. will post $3.56 earnings per share for the current year.
Several institutional investors have recently modified their holdings of NSP. American International Group Inc. raised its position in shares of Insperity by 3.9% in the third quarter. American International Group Inc. now owns 12,231 shares of the company’s stock valued at $888,000 after buying an additional 457 shares during the period. California State Teachers Retirement System raised its position in shares of Insperity by 0.9% in the third quarter. California State Teachers Retirement System now owns 33,217 shares of the company’s stock valued at $2,413,000 after buying an additional 300 shares during the period. NorthCoast Asset Management LLC purchased a new position in shares of Insperity during the third quarter valued at about $849,000. Schroder Investment Management Group raised its position in shares of Insperity by 18.9% in the third quarter. Schroder Investment Management Group now owns 16,915 shares of the company’s stock valued at $1,229,000 after buying an additional 2,684 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Insperity during the third quarter valued at about $347,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Wednesday, August 3rd.
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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