Peter A. Feld Sells 226,000 Shares of Insperity Inc. (NSP) Stock
Insperity Inc. (NYSE:NSP) Director Peter A. Feld sold 226,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $71.68, for a total value of $16,199,680.00. Following the transaction, the director now owns 4,591 shares in the company, valued at approximately $329,082.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Insperity Inc. (NYSE:NSP) opened at 72.70 on Friday. The stock has a market cap of $1.55 billion, a P/E ratio of 25.65 and a beta of 0.92. The company has a 50 day moving average price of $72.46 and a 200 day moving average price of $71.60. Insperity Inc. has a 1-year low of $41.83 and a 1-year high of $82.18.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.03. Insperity had a net margin of 2.18% and a return on equity of 67.31%. The firm earned $702.50 million during the quarter, compared to the consensus estimate of $710.30 million. During the same quarter last year, the firm earned $0.57 EPS. 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 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, November 29th. Insperity’s payout ratio is 34.48%.
Separately, Zacks Investment Research downgraded Insperity from a “hold” rating to a “sell” rating in a report on Monday, October 3rd.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. acquired a new position in shares of Insperity during the second quarter worth approximately $104,000. Quantbot Technologies LP purchased a new stake in shares of Insperity during the third quarter valued at about $109,000. US Bancorp DE increased its stake in shares of Insperity by 1,668.8% in the third quarter. US Bancorp DE now owns 1,698 shares of the company’s stock valued at $123,000 after buying an additional 1,602 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Insperity during the second quarter valued at about $136,000. Finally, Victory Capital Management Inc. increased its stake in shares of Insperity by 77.5% in the second quarter. Victory Capital Management Inc. now owns 1,759 shares of the company’s stock valued at $136,000 after buying an additional 768 shares during the last quarter. 84.64% of the stock is owned by hedge funds and other institutional investors.
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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