Insperity Inc. (NSP) Director Peter A. Feld Sells 187,858 Shares
Insperity Inc. (NYSE:NSP) Director Peter A. Feld sold 187,858 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $73.24, for a total value of $13,758,719.92. Following the completion of the sale, the director now directly owns 4,591 shares in the company, valued at $336,244.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Insperity Inc. (NYSE:NSP) opened at 73.15 on Thursday. Insperity Inc. has a 52-week low of $41.83 and a 52-week high of $82.18. The firm’s 50-day moving average price is $72.40 and its 200 day moving average price is $71.97. The company has a market capitalization of $1.56 billion, a PE ratio of 25.81 and a beta of 0.92.
Insperity (NYSE:NSP) last announced its 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. The firm had revenue of $702.50 million for the quarter, compared to analysts’ expectations of $710.30 million. Insperity had a net margin of 2.18% and a return on equity of 67.31%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS. On average, equities analysts forecast that Insperity Inc. will post $3.56 earnings per share for the current 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 given a dividend of $0.25 per share. 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 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 research report on Wednesday, August 3rd.
Several hedge funds have recently made changes to their positions in NSP. Advisor Group Inc. acquired a new stake in shares of Insperity during the second quarter valued at about $104,000. Quantbot Technologies LP acquired a new stake in shares of Insperity during the third quarter valued at about $109,000. US Bancorp DE boosted 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 in the last quarter. Victory Capital Management Inc. boosted 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 in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Insperity during the second quarter valued at about $136,000. Hedge funds and other institutional investors own 82.89% of the company’s stock.
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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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