Insperity Inc (NYSE:NSP) SVP Douglas S. Sharp sold 3,000 shares of Insperity stock in a transaction on Friday, March 9th. The stock was sold at an average price of $70.17, for a total value of $210,510.00. Following the sale, the senior vice president now owns 31,955 shares in the company, valued at $2,242,282.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Insperity Inc (NSP) opened at $69.45 on Wednesday. The company has a market capitalization of $2,916.35, a price-to-earnings ratio of 33.88, a PEG ratio of 1.44 and a beta of 0.88. Insperity Inc has a 52 week low of $34.88 and a 52 week high of $71.55. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07.
Insperity (NYSE:NSP) last released its earnings results on Monday, February 12th. The business services provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.37). The business had revenue of $826.50 million for the quarter, compared to the consensus estimate of $813.28 million. Insperity had a return on equity of 102.86% and a net margin of 2.55%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. research analysts predict that Insperity Inc will post 2.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Thursday, March 8th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 7th. This represents a $0.80 annualized dividend and a yield of 1.15%. This is a positive change from Insperity’s previous quarterly dividend of $0.15. Insperity’s dividend payout ratio (DPR) is 40.20%.
A number of institutional investors and hedge funds have recently made changes to their positions in NSP. BlackRock Inc. increased its holdings in Insperity by 91.6% in the 4th quarter. BlackRock Inc. now owns 5,558,288 shares of the business services provider’s stock worth $318,769,000 after acquiring an additional 2,656,549 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in Insperity by 113.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,023,700 shares of the business services provider’s stock worth $58,709,000 after acquiring an additional 543,775 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Insperity by 222.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 477,010 shares of the business services provider’s stock worth $27,357,000 after acquiring an additional 329,200 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in Insperity by 112.2% in the 4th quarter. Mawer Investment Management Ltd. now owns 600,200 shares of the business services provider’s stock worth $34,421,000 after acquiring an additional 317,300 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Insperity by 369.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 358,119 shares of the business services provider’s stock worth $20,538,000 after acquiring an additional 281,876 shares during the last quarter. 83.49% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research note on Monday, February 19th. Roth Capital lifted their target price on Insperity from $58.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $64.00.
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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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