Mckenna Michelle Sells 600 Shares of Insperity, Inc. (NSP) Stock
Insperity, Inc. (NYSE:NSP) Director Mckenna Michelle sold 600 shares of Insperity stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $79.69, for a total value of $47,814.00. Following the transaction, the director now directly owns 1,145 shares of the company’s stock, valued at $91,245.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mckenna Michelle also recently made the following trade(s):
- On Thursday, August 10th, Mckenna Michelle sold 600 shares of Insperity stock. The stock was sold at an average price of $83.82, for a total value of $50,292.00.
Insperity, Inc. (NSP) traded up 0.44% during trading on Friday, hitting $80.35. The stock had a trading volume of 51,881 shares. The stock has a market cap of $1.67 billion, a PE ratio of 23.27 and a beta of 0.76. The firm’s 50-day moving average price is $77.77 and its 200-day moving average price is $80.93. Insperity, Inc. has a 1-year low of $64.55 and a 1-year high of $93.65.
Insperity (NYSE:NSP) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.14. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The company had revenue of $795.50 million during the quarter, compared to analyst estimates of $778.88 million. During the same quarter in the previous year, the business earned $0.60 EPS. The firm’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts predict that Insperity, Inc. will post $4.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, September 7th. Insperity’s dividend payout ratio (DPR) is 34.68%.
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Several institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its position in shares of Insperity by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 2,070 shares of the business services provider’s stock valued at $183,000 after buying an additional 10 shares during the period. Bank of Montreal Can raised its position in shares of Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock valued at $156,000 after buying an additional 19 shares during the period. Suntrust Banks Inc. raised its position in shares of Insperity by 1.6% in the second quarter. Suntrust Banks Inc. now owns 3,457 shares of the business services provider’s stock valued at $244,000 after buying an additional 53 shares during the period. Albion Financial Group UT raised its position in shares of Insperity by 1.8% in the second quarter. Albion Financial Group UT now owns 3,358 shares of the business services provider’s stock valued at $238,000 after buying an additional 60 shares during the period. Finally, First National Bank of Hutchinson raised its position in shares of Insperity by 1.1% in the second quarter. First National Bank of Hutchinson now owns 6,216 shares of the business services provider’s stock valued at $453,000 after buying an additional 66 shares during the period. 82.30% of the stock is owned by institutional investors.
NSP has been the subject of several research reports. BidaskClub raised Insperity from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research cut Insperity from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. Finally, Roth Capital raised Insperity from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $84.00 to $92.00 in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Insperity presently has an average rating of “Buy” and a consensus target price of $94.00.
Insperity Company Profile
Insperity, Inc provides a range 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, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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