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.
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.
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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