Insperity Inc (NYSE:NSP) SVP Douglas S. Sharp sold 3,096 shares of Insperity stock in a transaction on Friday, February 16th. The stock was sold at an average price of $64.51, for a total transaction of $199,722.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Insperity Inc (NSP) opened at $64.00 on Wednesday. The company has a market cap of $2,615.59, a price-to-earnings ratio of 30.39, a P/E/G ratio of 1.29 and a beta of 0.96. Insperity Inc has a twelve month low of $34.88 and a twelve month high of $65.85. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57.
Insperity (NYSE:NSP) last announced its earnings results on Monday, February 12th. The business services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.37). Insperity had a return on equity of 102.86% and a net margin of 2.55%. The firm had revenue of $826.50 million during the quarter, compared to the consensus estimate of $813.28 million. During the same quarter last year, the business earned $0.58 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. analysts expect that Insperity Inc will post 2.72 earnings per share for the current fiscal year.
Insperity declared that its board has initiated a stock repurchase program on Thursday, November 16th that authorizes the company to buyback 500,000 outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
Large investors have recently bought and sold shares of the company. USA Mutuals Advisors Inc. bought a new position in shares of Insperity during the 4th quarter worth about $100,000. Ameritas Investment Partners Inc. increased its holdings in shares of Insperity by 18.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,608 shares of the business services provider’s stock worth $114,000 after purchasing an additional 252 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of Insperity by 100.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 2,000 shares of the business services provider’s stock worth $115,000 after purchasing an additional 1,000 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Insperity by 100.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,200 shares of the business services provider’s stock worth $126,000 after purchasing an additional 1,100 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Insperity by 78.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,611 shares of the business services provider’s stock worth $134,000 after purchasing an additional 707 shares during the period. Institutional investors own 65.04% of the company’s stock.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Monday. Roth Capital lifted their target price on shares of Insperity from $58.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Robert W. Baird reiterated a “buy” rating and issued a $56.00 target price on shares of Insperity in a report on Friday, November 10th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $55.00 target price on shares of Insperity in a report on Friday, November 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Insperity currently has a consensus rating of “Hold” and a consensus target price of $64.00.
ILLEGAL ACTIVITY NOTICE: This report was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/21/insperity-inc-nsp-svp-douglas-s-sharp-sells-3096-shares.html.
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).
Receive News & Ratings for Insperity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insperity and related companies with MarketBeat.com's FREE daily email newsletter.