Insperity Inc (NYSE:NSP) Director Austin P. Young sold 5,000 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $70.05, for a total value of $350,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Insperity Inc (NSP) opened at $69.45 on Wednesday. Insperity Inc has a one year low of $34.88 and a one year high of $71.55. The stock has a market capitalization of $2,916.35, a price-to-earnings ratio of 33.88, a P/E/G ratio of 1.44 and a beta of 0.88. 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 announced its quarterly earnings data on Monday, February 12th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $813.28 million. During the same quarter last year, the business earned $0.58 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. analysts predict that Insperity Inc will post 2.72 EPS for the current fiscal year.
Insperity announced that its board has initiated a share repurchase plan on Thursday, November 16th that authorizes the company to repurchase 500,000 outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Several equities analysts recently issued reports on NSP shares. Zacks Investment Research upgraded Insperity from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Monday, February 19th. Roth Capital raised their price objective 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 stock. The stock presently has an average rating of “Hold” and an average price target of $64.00.
A number of hedge funds have recently bought and sold shares of NSP. BlackRock Inc. lifted its stake in Insperity by 91.6% in the fourth quarter. BlackRock Inc. now owns 5,558,288 shares of the business services provider’s stock valued at $318,769,000 after buying an additional 2,656,549 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Insperity by 113.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,023,700 shares of the business services provider’s stock valued at $58,709,000 after buying an additional 543,775 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Insperity by 222.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 477,010 shares of the business services provider’s stock valued at $27,357,000 after buying an additional 329,200 shares during the last quarter. Mawer Investment Management Ltd. lifted its stake in Insperity by 112.2% in the fourth quarter. Mawer Investment Management Ltd. now owns 600,200 shares of the business services provider’s stock valued at $34,421,000 after buying an additional 317,300 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Insperity by 369.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 358,119 shares of the business services provider’s stock valued at $20,538,000 after buying an additional 281,876 shares during the last quarter. Institutional investors own 83.49% of the company’s stock.
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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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