Insperity Inc (NSP) Chairman Paul J. Sarvadi Sells 30,000 Shares

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.

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About Insperity

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.

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