Insperity, Inc. (NYSE:NSP) EVP Sells $168,400.00 in Stock

Insperity, Inc. (NYSE:NSP) EVP Jay E. Mincks sold 2,000 shares of Insperity stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $84.20, for a total transaction of $168,400.00. Following the completion of the sale, the executive vice president now directly owns 24,750 shares in the company, valued at approximately $2,083,950. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jay E. Mincks also recently made the following trade(s):

  • On Wednesday, August 2nd, Jay E. Mincks sold 859 shares of Insperity stock. The shares were sold at an average price of $84.60, for a total transaction of $72,671.40.
  • On Thursday, August 3rd, Jay E. Mincks sold 2,459 shares of Insperity stock. The shares were sold at an average price of $84.53, for a total transaction of $207,859.27.

Insperity, Inc. (NSP) traded down 1.90% during midday trading on Thursday, reaching $82.40. 90,098 shares of the company were exchanged. The company has a 50 day moving average of $74.91 and a 200-day moving average of $80.15. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 23.86 and a beta of 0.76. Insperity, Inc. has a 52-week low of $64.55 and a 52-week high of $93.65.

Insperity (NYSE:NSP) last posted its earnings results on Tuesday, August 1st. The business services provider reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.14. The company had revenue of $795.50 million for the quarter, compared to analyst estimates of $778.88 million. Insperity had a return on equity of 96.85% and a net margin of 2.34%. Insperity’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. On average, equities research analysts anticipate that Insperity, Inc. will post $4.55 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of NSP. Norges Bank bought a new stake in shares of Insperity during the fourth quarter valued at about $16,263,000. Teachers Advisors LLC increased its stake in shares of Insperity by 53.6% in the fourth quarter. Teachers Advisors LLC now owns 83,350 shares of the business services provider’s stock valued at $5,914,000 after buying an additional 29,092 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Insperity by 1.1% in the first quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock valued at $156,000 after buying an additional 19 shares in the last quarter. Capital Impact Advisors LLC increased its stake in shares of Insperity by 9.8% in the first quarter. Capital Impact Advisors LLC now owns 19,924 shares of the business services provider’s stock valued at $1,766,000 after buying an additional 1,774 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Insperity by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 2,070 shares of the business services provider’s stock valued at $183,000 after buying an additional 10 shares in the last quarter. Institutional investors and hedge funds own 82.58% of the company’s stock.

A number of research firms recently issued reports on NSP. BidaskClub cut shares of Insperity from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 29th. Zacks Investment Research cut shares of Insperity from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Finally, Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and lifted their price target for the company from $84.00 to $92.00 in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Insperity has an average rating of “Buy” and an average price target of $94.00.

About Insperity

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).

Insider Buying and Selling by Quarter for Insperity (NYSE:NSP)

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