Insider Selling: Insperity Inc. (NSP) SVP Sells $286,200.00 in Stock
Insperity Inc. (NYSE:NSP) SVP Douglas S. Sharp sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $71.55, for a total transaction of $286,200.00. Following the completion of the sale, the senior vice president now owns 17,907 shares of the company’s stock, valued at $1,281,245.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Insperity Inc. (NYSE:NSP) opened at 72.70 on Friday. The stock’s 50 day moving average is $72.43 and its 200 day moving average is $71.61. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 25.65 and a beta of 0.92. Insperity Inc. has a 12-month low of $41.83 and a 12-month high of $82.18.
Insperity (NYSE:NSP) last posted its earnings results on Tuesday, November 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Insperity had a net margin of 2.18% and a return on equity of 67.31%. The firm had revenue of $702.50 million for the quarter, compared to the consensus estimate of $710.30 million. During the same period in the previous year, the firm posted $0.57 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts predict that Insperity Inc. will post $3.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. Insperity’s dividend payout ratio (DPR) is presently 34.48%.
Separately, Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, August 3rd.
Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Insperity by 24.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 12,900 shares of the company’s stock worth $937,000 after buying an additional 2,500 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in shares of Insperity by 277.2% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 117,300 shares of the company’s stock valued at $8,520,000 after buying an additional 86,200 shares during the last quarter. Gerstein Fisher purchased a new position in shares of Insperity during the third quarter valued at approximately $1,081,000. Panagora Asset Management Inc. increased its position in shares of Insperity by 4.1% in the third quarter. Panagora Asset Management Inc. now owns 155,751 shares of the company’s stock valued at $11,314,000 after buying an additional 6,064 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Insperity by 12.2% in the third quarter. D. E. Shaw & Co. Inc. now owns 194,484 shares of the company’s stock valued at $14,127,000 after buying an additional 21,212 shares during the last quarter. Hedge funds and other institutional investors own 84.64% of the company’s stock.
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.
Receive News & Stock Ratings for Insperity Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insperity Inc. and related stocks with our FREE daily email newsletter.