Insperity Inc (NSP) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $1.63 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $1.47. The company posted revenue of $802.40 million in the period, compared to analysts expectations of $807.98 million. The company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.
Many Wall Street Analysts have commented on Insperity Inc. Company shares were Upgraded by Robert W. Baird on Apr 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 59 from a previous price target of $50 .First Analysis Sec Upgraded Insperity Inc on Feb 16, 2016 to ” Overweight”, Price Target of the shares are set at $58.
Insperity Inc opened for trading at $52.16 and hit $52.92 on the upside on Wednesday, eventually ending the session at $52.76, with a gain of 1.31% or 0.68 points. The heightened volatility saw the trading volume jump to 1,54,126 shares. Company has a market cap of $1,122 M.
In a different news, on Feb 19, 2016, Paul J Sarvadi (Chairman of the Board & CEO) sold 30,000 shares at $48.02 per share price. According to the SEC, on Nov 4, 2015, Jay E Mincks (EVP of Sales & Marketing) sold 1,035 shares at $43.75 per share price. On Jun 4, 2015, Richard G Rawson (President) sold 5,001 shares at $53.41 per share price, according to the Form-4 filing with the securities and exchange commission.
Insperity Inc. (Insperity) provides an array of human resources (HR) and business performance solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together its professional employer organization (PEO) HR Outsourcing solutions) which encompass a range of human resources functions including payroll and employment administration employee benefits workers’ compensation government compliance performance management and training and development services. In addition to its PEO HR Outsourcing solutions the Company offers human capital management payroll services time and attendance performance management organizational planning recruiting services employment screening financial and expense management services retirement services and insurance services (collectively Strategic Businesses) many of which are offered through desktop applications and cloud-based delivery models.