Paul J. Sarvadi Sells 30,000 Shares of Insperity, Inc. (NSP) Stock
Insperity, Inc. (NYSE:NSP) Chairman Paul J. Sarvadi sold 30,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $114.13, for a total transaction of $3,423,900.00. Following the completion of the sale, the chairman now directly owns 252,248 shares of the company’s stock, valued at approximately $28,789,064.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Insperity, Inc. (NYSE:NSP) opened at $113.65 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.16. Insperity, Inc. has a 1 year low of $69.20 and a 1 year high of $117.40. The firm has a market cap of $2,369.83, a PE ratio of 30.40, a P/E/G ratio of 1.57 and a beta of 0.82.
Insperity’s stock is set to split on the morning of Monday, December 18th. The 2-1 split was announced on Thursday, November 16th. The newly created shares will be distributed to shareholders after the market closes on Friday, December 15th.
Insperity (NYSE:NSP) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $795.50 million during the quarter, compared to the consensus estimate of $786.44 million. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 EPS. research analysts expect that Insperity, Inc. will post 4.03 earnings per share for the current year.
Insperity declared that its board has initiated a share repurchase plan on Thursday, November 16th that permits the company to buyback 500,000 shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
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A number of equities research analysts recently weighed in on NSP shares. BidaskClub raised shares of Insperity from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $84.00 to $92.00 in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Monday, August 7th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $110.00 price objective on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $112.00 price objective on shares of Insperity in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Insperity currently has an average rating of “Hold” and an average target price of $101.20.
Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in Insperity by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 217 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Insperity by 18.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 252 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in Insperity by 78.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,611 shares of the business services provider’s stock valued at $134,000 after purchasing an additional 707 shares during the period. Profund Advisors LLC boosted its stake in Insperity by 18.0% during the 2nd quarter. Profund Advisors LLC now owns 3,045 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 465 shares during the period. Finally, Amalgamated Bank acquired a new position in Insperity during the 3rd quarter valued at about $220,000. 82.18% of the stock is owned by hedge funds and other institutional investors.
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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