Jay E. Mincks Sells 1,042 Shares of Insperity Inc (NSP) Stock

Insperity Inc (NYSE:NSP) EVP Jay E. Mincks sold 1,042 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $108.62, for a total transaction of $113,182.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NSP stock traded up $3.07 during trading on Wednesday, reaching $116.44. The company’s stock had a trading volume of 367,900 shares, compared to its average volume of 295,960. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $4.66 billion, a P/E ratio of 57.08, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90. Insperity Inc has a 1-year low of $51.08 and a 1-year high of $121.15.

Insperity (NYSE:NSP) last announced its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.14. The firm had revenue of $925.13 million during the quarter, compared to analysts’ expectations of $935.62 million. Insperity had a net margin of 3.41% and a return on equity of 123.25%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 earnings per share. On average, research analysts forecast that Insperity Inc will post 3.27 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in NSP. Private Capital Group LLC grew its holdings in shares of Insperity by 566.1% in the second quarter. Private Capital Group LLC now owns 1,099 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 934 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Insperity during the 2nd quarter worth approximately $124,000. Advisory Services Network LLC acquired a new position in Insperity during the 2nd quarter worth approximately $164,000. Macquarie Group Ltd. grew its holdings in Insperity by 53.8% during the 2nd quarter. Macquarie Group Ltd. now owns 2,000 shares of the business services provider’s stock worth $191,000 after acquiring an additional 700 shares in the last quarter. Finally, Advisors Preferred LLC grew its holdings in Insperity by 825.0% during the 2nd quarter. Advisors Preferred LLC now owns 2,109 shares of the business services provider’s stock worth $201,000 after acquiring an additional 1,881 shares in the last quarter. Hedge funds and other institutional investors own 83.10% of the company’s stock.

A number of research analysts recently weighed in on the stock. Roth Capital lifted their price objective on shares of Insperity from $88.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. First Analysis restated an “equal weight” rating on shares of Insperity in a report on Thursday, August 2nd. Robert W. Baird lifted their price objective on shares of Insperity from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research upgraded shares of Insperity from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $110.80.

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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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