Insperity Inc (NYSE:NSP) Chairman Paul J. Sarvadi sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $116.61, for a total transaction of $3,498,300.00. Following the completion of the transaction, the chairman now directly owns 598,962 shares of the company’s stock, valued at approximately $69,844,958.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NSP stock opened at $115.49 on Friday. Insperity Inc has a one year low of $52.24 and a one year high of $121.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.69. The company has a market cap of $4.74 billion, a P/E ratio of 56.61, a P/E/G ratio of 1.88 and a beta of 0.90.
Insperity (NYSE:NSP) last issued its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.82 by $0.14. Insperity had a net margin of 3.41% and a return on equity of 123.25%. The firm had revenue of $925.13 million during the quarter, compared to analyst estimates of $935.62 million. During the same quarter in the prior year, the business posted $1.14 earnings per share. Insperity’s revenue for the quarter was up 16.3% compared to the same quarter last year. Research analysts anticipate that Insperity Inc will post 3.35 EPS for the current year.
A number of hedge funds have recently modified their holdings of the stock. Trexquant Investment LP purchased a new stake in Insperity during the third quarter worth approximately $604,000. DekaBank Deutsche Girozentrale purchased a new stake in Insperity during the third quarter worth approximately $938,000. American International Group Inc. grew its stake in Insperity by 2.2% during the third quarter. American International Group Inc. now owns 30,081 shares of the business services provider’s stock worth $3,548,000 after buying an additional 658 shares during the period. BlackRock Inc. grew its stake in Insperity by 9.3% during the third quarter. BlackRock Inc. now owns 6,713,435 shares of the business services provider’s stock worth $791,849,000 after buying an additional 573,982 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Insperity by 92.2% during the third quarter. Janus Henderson Group PLC now owns 6,865 shares of the business services provider’s stock worth $810,000 after buying an additional 3,293 shares during the period. 83.10% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on NSP. Robert W. Baird upped their price target on shares of Insperity from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, November 2nd. First Analysis reaffirmed an “equal weight” rating on shares of Insperity in a research report on Thursday, August 2nd. Roth Capital upped their price target on shares of Insperity from $88.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research raised shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Tuesday, August 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Insperity currently has an average rating of “Buy” and an average target price of $110.80.
TRADEMARK VIOLATION NOTICE: This article was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/11/10/insperity-inc-nsp-chairman-paul-j-sarvadi-sells-30000-shares.html.
Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which encompasses a range of human resources functions comprising payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management and training, and development services.
Read More: Why is Cost of Capital Important?
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.