Insperity Inc (NSP) Chairman Paul J. Sarvadi Sells 45,000 Shares

Insperity Inc (NYSE:NSP) Chairman Paul J. Sarvadi sold 45,000 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $104.97, for a total transaction of $4,723,650.00. Following the sale, the chairman now owns 582,052 shares of the company’s stock, valued at approximately $61,097,998.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Insperity stock traded up $1.15 during midday trading on Friday, hitting $119.85. 202,500 shares of the stock were exchanged, compared to its average volume of 283,358. Insperity Inc has a 52 week low of $39.25 and a 52 week high of $120.20. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 57.97, a PEG ratio of 2.04 and a beta of 0.80. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.15 and a quick ratio of 1.15.

Insperity (NYSE:NSP) last announced its quarterly earnings results on Wednesday, August 1st. The business services provider reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.08. Insperity had a net margin of 3.06% and a return on equity of 122.44%. The firm had revenue of $922.30 million for the quarter, compared to analyst estimates of $900.20 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. analysts predict that Insperity Inc will post 3.17 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on NSP shares. Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Tuesday, August 7th. Roth Capital raised their price objective on shares of Insperity from $88.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. First Analysis cut shares of Insperity from an “overweight” rating to an “equal weight” rating and set a $102.00 price objective for the company. in a research report on Wednesday, August 1st. Robert W. Baird raised their price objective on shares of Insperity from $69.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, May 14th. Finally, ValuEngine raised shares of Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $104.80.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Verition Fund Management LLC acquired a new stake in shares of Insperity in the second quarter valued at approximately $239,000. MetLife Investment Advisors LLC increased its holdings in Insperity by 10.5% during the second quarter. MetLife Investment Advisors LLC now owns 17,458 shares of the business services provider’s stock worth $1,663,000 after buying an additional 1,663 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Insperity by 7.2% during the second quarter. Metropolitan Life Insurance Co. NY now owns 12,329 shares of the business services provider’s stock worth $1,174,000 after buying an additional 831 shares during the last quarter. Baldwin Investment Management LLC acquired a new position in Insperity during the second quarter worth $1,017,000. Finally, Zacks Investment Management increased its holdings in Insperity by 105.7% during the second quarter. Zacks Investment Management now owns 61,458 shares of the business services provider’s stock worth $5,854,000 after buying an additional 31,578 shares during the last quarter. Institutional investors own 82.48% of the company’s stock.

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

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