Shares of Insperity, Inc. (NYSE:NSP) reached a new 52-week high during trading on Monday . The company traded as high as $107.70 and last traded at $106.20, with a volume of 120500 shares changing hands. The stock had previously closed at $105.55.
A number of analysts have recently issued reports on NSP shares. Zacks Investment Research lowered shares of Insperity from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Roth Capital raised shares of Insperity from a “neutral” rating to a “buy” rating and increased their price target for the stock from $84.00 to $92.00 in a research report on Tuesday, August 1st. BidaskClub lowered shares of Insperity from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $110.00 price target on shares of Insperity in a research report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Robert W. Baird reissued a “buy” rating and issued a $112.00 price target on shares of Insperity in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Insperity currently has an average rating of “Hold” and a consensus price target of $101.20.
The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $2,251.03, a PE ratio of 28.88, a PEG ratio of 1.52 and a beta of 0.82.
Insperity (NYSE:NSP) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $795.50 million during the quarter, compared to analyst estimates of $786.44 million. Insperity had a net margin of 2.43% and a return on equity of 94.38%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. research analysts predict that Insperity, Inc. will post 3.94 EPS for the current fiscal year.
In related news, CEO Paul J. Sarvadi sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $103.26, for a total transaction of $3,097,800.00. Following the transaction, the chief executive officer now owns 252,248 shares of the company’s stock, valued at $26,047,128.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Douglas S. Sharp sold 2,633 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $101.06, for a total transaction of $266,090.98. Following the transaction, the chief financial officer now directly owns 11,769 shares in the company, valued at approximately $1,189,375.14. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 590,667 shares of company stock worth $106,280 and have sold 328,283 shares worth $11,086,122. 13.92% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Caxton Associates LP bought a new position in Insperity during the third quarter valued at approximately $431,000. Allianz Asset Management GmbH raised its position in Insperity by 7.7% during the third quarter. Allianz Asset Management GmbH now owns 161,139 shares of the business services provider’s stock valued at $14,180,000 after acquiring an additional 11,469 shares in the last quarter. Brown Advisory Inc. raised its position in Insperity by 31.6% during the third quarter. Brown Advisory Inc. now owns 6,692 shares of the business services provider’s stock valued at $589,000 after acquiring an additional 1,608 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Insperity by 4.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 173,802 shares of the business services provider’s stock valued at $15,295,000 after acquiring an additional 8,184 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Insperity by 22.2% during the third quarter. Wells Fargo & Company MN now owns 101,523 shares of the business services provider’s stock valued at $8,935,000 after acquiring an additional 18,450 shares in the last quarter. 81.59% of the stock is currently owned by hedge funds and other institutional investors.
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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