Insperity, Inc. (NYSE:NSP) EVP Jay E. Mincks sold 2,000 shares of the stock in a transaction dated 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 owns 24,750 shares of the company’s stock, valued at approximately $2,083,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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. (NYSE NSP) opened at 82.40 on Friday. Insperity, Inc. has a 52-week low of $64.55 and a 52-week high of $93.65. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 23.86 and a beta of 0.76. The company’s 50-day moving average is $75.30 and its 200 day moving average is $80.25.
Insperity (NYSE:NSP) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.14. The business had revenue of $795.50 million for the quarter, compared to analysts’ expectations of $778.88 million. Insperity had a return on equity of 96.85% and a net margin of 2.34%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Equities analysts forecast that Insperity, Inc. will post $4.55 earnings per share for the current fiscal year.
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NSP has been the subject of several research reports. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Monday, August 7th. BidaskClub upgraded shares of Insperity from a “sell” rating to a “hold” rating in a research report on Sunday, August 6th. Finally, Roth Capital upgraded shares of Insperity from a “neutral” rating to a “buy” rating and increased their price target for the company from $84.00 to $92.00 in a research report 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. The company presently has an average rating of “Buy” and an average target price of $94.00.
Several hedge funds have recently modified their holdings of NSP. Victory Capital Management Inc. boosted its stake in shares of Insperity by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,445 shares of the business services provider’s stock valued at $103,000 after buying an additional 217 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Insperity during the first quarter valued at about $120,000. Meeder Asset Management Inc. purchased a new stake in shares of Insperity during the first quarter valued at about $129,000. Bank of Montreal Can boosted 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 during the period. Finally, LS Investment Advisors LLC boosted its stake in shares of Insperity by 172.8% in the first quarter. LS Investment Advisors LLC now owns 1,972 shares of the business services provider’s stock valued at $175,000 after buying an additional 1,249 shares during the period. 82.58% of the stock is currently owned by institutional investors and hedge funds.
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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