Insperity Inc. (NSP) Director Sells $5,487,750.00 in Stock
Insperity Inc. (NYSE:NSP) Director Peter A. Feld sold 75,000 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $73.17, for a total value of $5,487,750.00. Following the transaction, the director now directly owns 4,591 shares in the company, valued at approximately $335,923.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Insperity Inc. (NYSE:NSP) traded down 0.61% during mid-day trading on Wednesday, reaching $73.15. The company’s stock had a trading volume of 163,845 shares. The firm’s 50 day moving average price is $72.40 and its 200 day moving average price is $71.97. Insperity Inc. has a 52 week low of $41.83 and a 52 week high of $82.18. The firm has a market capitalization of $1.56 billion, a P/E ratio of 25.81 and a beta of 0.92.
Insperity (NYSE:NSP) last released its earnings results on Tuesday, November 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Insperity had a return on equity of 67.31% and a net margin of 2.18%. The company had revenue of $702.50 million for the quarter, compared to the consensus estimate of $710.30 million. During the same quarter last year, the business posted $0.57 EPS. Insperity’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, analysts anticipate that Insperity Inc. will post $3.56 EPS for the current fiscal year.
The business 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 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Tuesday, November 29th. Insperity’s dividend payout ratio (DPR) is 34.48%.
Separately, Zacks Investment Research raised Insperity from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Wednesday, August 3rd.
Hedge funds have recently made changes to their positions in the company. Advisor Group Inc. bought a new stake in shares of Insperity during the second quarter valued at about $104,000. Quantbot Technologies LP bought 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 period. 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 period. Finally, Bank of Montreal Can bought a new stake in shares of Insperity during the second quarter valued at about $136,000. 82.89% of the stock is currently owned by institutional investors and hedge funds.
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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