Richard G. Rawson Sells 100 Shares of Insperity Inc (NYSE:NSP) Stock

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Insperity Inc (NYSE:NSP) Director Richard G. Rawson sold 100 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $103.00, for a total value of $10,300.00. Following the completion of the transaction, the director now directly owns 100,616 shares in the company, valued at approximately $10,363,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE:NSP traded down $1.10 during trading hours on Friday, hitting $103.11. The company’s stock had a trading volume of 279,373 shares, compared to its average volume of 380,919. The stock has a market capitalization of $4.21 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 1.39 and a beta of 1.06. The stock has a fifty day moving average of $99.57 and a 200-day moving average of $113.57. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.26. Insperity Inc has a 52-week low of $86.63 and a 52-week high of $144.92.

Insperity (NYSE:NSP) last posted its earnings results on Monday, July 29th. The business services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.69 by $0.14. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Insperity had a return on equity of 136.63% and a net margin of 4.04%. Insperity’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. On average, sell-side analysts forecast that Insperity Inc will post 4.09 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, September 6th. Insperity’s dividend payout ratio (DPR) is presently 35.61%.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Insperity by 9.5% in the second quarter. BlackRock Inc. now owns 7,299,249 shares of the business services provider’s stock valued at $891,531,000 after acquiring an additional 636,273 shares in the last quarter. AQR Capital Management LLC boosted its stake in Insperity by 49.2% in the second quarter. AQR Capital Management LLC now owns 899,886 shares of the business services provider’s stock valued at $109,768,000 after acquiring an additional 296,926 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Insperity by 0.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 655,601 shares of the business services provider’s stock valued at $80,075,000 after acquiring an additional 2,492 shares in the last quarter. Northern Trust Corp boosted its stake in Insperity by 5.2% in the second quarter. Northern Trust Corp now owns 651,670 shares of the business services provider’s stock valued at $79,595,000 after acquiring an additional 32,050 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in Insperity in the second quarter valued at $76,651,000. 83.90% of the stock is currently owned by hedge funds and other institutional investors.

NSP has been the topic of several recent analyst reports. Roth Capital dropped their target price on Insperity from $147.00 to $138.00 in a report on Tuesday, July 30th. Robert W. Baird set a $141.00 target price on Insperity and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, ValuEngine lowered Insperity from a “buy” rating to a “hold” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Insperity has an average rating of “Buy” and an average price target of $135.25.

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 include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.

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