Insperity, Inc. (NYSE:NSP) President Richard G. Rawson sold 22,257 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $84.40, for a total transaction of $1,878,490.80. Following the completion of the sale, the president now directly owns 118,152 shares of the company’s stock, valued at $9,972,028.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Insperity, Inc. (NSP) opened at 80.00 on Friday. Insperity, Inc. has a 1-year low of $64.55 and a 1-year high of $93.65. The company’s 50-day moving average is $76.68 and its 200 day moving average is $80.63. The stock has a market capitalization of $1.67 billion, a PE ratio of 23.17 and a beta of 0.76.
Insperity (NYSE:NSP) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.14. The company had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $778.88 million. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Equities analysts predict that Insperity, Inc. will post $4.55 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Insperity by 41.4% in the first quarter. Bank of America Corp DE now owns 197,718 shares of the business services provider’s stock worth $17,528,000 after buying an additional 57,924 shares in the last quarter. Norges Bank bought a new position in Insperity during the fourth quarter worth $16,263,000. Russell Investments Group Ltd. boosted its position in Insperity by 16.5% in the first quarter. Russell Investments Group Ltd. now owns 111,825 shares of the business services provider’s stock worth $9,913,000 after buying an additional 15,839 shares in the last quarter. Airain ltd bought a new position in Insperity during the first quarter worth $258,000. Finally, Credit Suisse AG raised its stake in Insperity by 88.2% in the first quarter. Credit Suisse AG now owns 58,865 shares of the business services provider’s stock worth $5,218,000 after buying an additional 27,588 shares during the last quarter. Institutional investors own 82.30% of the company’s stock.
A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Insperity from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. BidaskClub raised shares of Insperity from a “sell” rating to a “hold” rating in a research note on Sunday, August 6th. Finally, Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $84.00 to $92.00 in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Insperity presently has a consensus rating of “Buy” and an average price target 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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