Insperity, Inc. (NYSE:NSP) CEO Paul J. Sarvadi Sells 23,918 Shares of Stock

Insperity, Inc. (NYSE:NSP – Get Rating) CEO Paul J. Sarvadi sold 23,918 shares of Insperity stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $110.42, for a total value of $2,641,025.56. Following the completion of the transaction, the chief executive officer now owns 596,667 shares in the company, valued at $65,883,970.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Insperity Stock Down 0.1 %

Shares of NSP stock opened at $109.34 on Friday. Insperity, Inc. has a 1-year low of $83.94 and a 1-year high of $129.32. The stock’s fifty day moving average price is $100.21 and its 200 day moving average price is $99.18. The company has a debt-to-equity ratio of 10.51, a current ratio of 1.13 and a quick ratio of 1.11. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.34.

Insperity (NYSE:NSP – Get Rating) last announced its earnings results on Monday, August 1st. The business services provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.17. Insperity had a return on equity of 341.97% and a net margin of 2.55%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned $0.65 EPS. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, research analysts expect that Insperity, Inc. will post 4.03 earnings per share for the current fiscal year.

Insperity Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, June 9th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.90%. This is an increase from Insperity’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, June 8th. Insperity’s payout ratio is 57.46%.

Institutional Trading of Insperity

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSP. Allspring Global Investments Holdings LLC acquired a new stake in Insperity during the 4th quarter worth about $1,884,000. Vestmark Advisory Solutions Inc. acquired a new stake in Insperity during the 4th quarter worth about $226,000. Yousif Capital Management LLC acquired a new stake in Insperity during the 4th quarter worth about $2,224,000. Qube Research & Technologies Ltd acquired a new stake in Insperity during the 4th quarter worth about $858,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Insperity during the 4th quarter worth about $1,376,000. Institutional investors and hedge funds own 88.08% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Truist Financial cut their price target on Insperity from $138.00 to $120.00 in a report on Friday, July 15th. StockNews.com upgraded Insperity from a “buy” rating to a “strong-buy” rating in a report on Friday, April 29th. TheStreet upgraded Insperity from a “c+” rating to a “b-” rating in a report on Wednesday, July 20th. Finally, William Blair reiterated an “outperform” rating on shares of Insperity in a report on Tuesday. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Insperity currently has a consensus rating of “Buy” and a consensus target price of $129.33.

About Insperity

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Insperity, Inc provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions that 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.