Insperity (NYSE:NSP) Sees Unusually-High Trading Volume - Here's Why

Shares of Insperity, Inc. (NYSE:NSP - Get Free Report) saw unusually-high trading volume on Monday . Approximately 633,899 shares traded hands during mid-day trading, an increase of 138% from the previous session's volume of 266,314 shares.The stock last traded at $79.00 and had previously closed at $77.55.

Wall Street Analyst Weigh In

NSP has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Insperity in a report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 price target on the stock. William Blair cut Insperity from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $99.50.

Insperity Trading Up 2.4 %

The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.60. The stock's fifty day moving average price is $88.70 and its two-hundred day moving average price is $94.88. The stock has a market capitalization of $2.99 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11.

Insperity (NYSE:NSP - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.14. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The company's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Equities research analysts forecast that Insperity, Inc. will post 2.43 EPS for the current year.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $2.40 annualized dividend and a yield of 3.02%. Insperity's payout ratio is currently 58.68%.

Insider Buying and Selling at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $92.23, for a total value of $1,487,024.29. Following the completion of the sale, the chief executive officer now owns 509,129 shares in the company, valued at approximately $46,956,967.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.50% of the company's stock.

Institutional Trading of Insperity

Hedge funds and other institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new position in shares of Insperity during the second quarter valued at approximately $64,000. EntryPoint Capital LLC grew its stake in Insperity by 164.3% in the first quarter. EntryPoint Capital LLC now owns 859 shares of the business services provider's stock worth $94,000 after purchasing an additional 534 shares during the period. Covestor Ltd grew its stake in Insperity by 264.7% in the first quarter. Covestor Ltd now owns 1,043 shares of the business services provider's stock worth $114,000 after purchasing an additional 757 shares during the period. Quarry LP grew its stake in Insperity by 205.6% in the second quarter. Quarry LP now owns 1,088 shares of the business services provider's stock worth $99,000 after purchasing an additional 732 shares during the period. Finally, Accordant Advisory Group Inc purchased a new stake in Insperity in the second quarter worth $109,000. Institutional investors own 93.44% of the company's stock.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It 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.