Insperity (NYSE:NSP) Issues Q3 2022 Earnings Guidance

Insperity (NYSE:NSPGet Rating) updated its third quarter 2022 earnings guidance on Tuesday. The company provided EPS guidance of $0.83-$1.06 for the period, compared to the consensus EPS estimate of $1.00. The company issued revenue guidance of -. Insperity also updated its FY 2022 guidance to $4.68-$5.25 EPS.

Analysts Set New Price Targets

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

Insperity Stock Down 0.1 %

Shares of NYSE NSP traded down $0.06 during trading hours on Friday, hitting $109.34. 120,591 shares of the stock were exchanged, compared to its average volume of 202,158. The company has a quick ratio of 1.11, a current ratio of 1.13 and a debt-to-equity ratio of 10.51. The company has a market cap of $4.19 billion, a PE ratio of 30.20, a PEG ratio of 1.89 and a beta of 1.34. The firm has a fifty day moving average price of $100.21 and a 200-day moving average price of $99.18. Insperity has a 12 month low of $83.94 and a 12 month high of $129.32.

Insperity (NYSE:NSPGet Rating) last posted its quarterly earnings data on Monday, August 1st. The business services provider reported $1.16 EPS for the quarter, topping the consensus estimate of $0.99 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. Insperity had a net margin of 2.55% and a return on equity of 341.97%. Insperity’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. On average, sell-side analysts expect that Insperity will post 3.89 EPS for the current year.

Insperity Increases Dividend

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

Insider Buying and Selling at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 23,918 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $110.42, for a total transaction of $2,641,025.56. Following the transaction, the chief executive officer now owns 596,667 shares in the company, valued at approximately $65,883,970.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John M. Morphy sold 1,750 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $109.19, for a total value of $191,082.50. Following the sale, the director now directly owns 9,041 shares of the company’s stock, valued at approximately $987,186.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul J. Sarvadi sold 23,918 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $110.42, for a total transaction of $2,641,025.56. Following the completion of the sale, the chief executive officer now directly owns 596,667 shares in the company, valued at $65,883,970.14. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by company insiders.

Institutional Trading of Insperity

Several large investors have recently made changes to their positions in NSP. Charles Schwab Investment Management Inc. boosted its holdings in shares of Insperity by 129.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 724,095 shares of the business services provider’s stock valued at $72,714,000 after acquiring an additional 409,174 shares during the last quarter. Sunriver Management LLC purchased a new stake in shares of Insperity in the 1st quarter valued at $13,112,000. Invesco Ltd. boosted its holdings in shares of Insperity by 51.6% in the 1st quarter. Invesco Ltd. now owns 138,515 shares of the business services provider’s stock valued at $13,910,000 after acquiring an additional 47,122 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Insperity by 28.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 138,020 shares of the business services provider’s stock valued at $13,860,000 after acquiring an additional 30,502 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Insperity by 1.9% in the 1st quarter. State Street Corp now owns 1,116,500 shares of the business services provider’s stock valued at $112,119,000 after acquiring an additional 20,543 shares during the last quarter. 88.08% of the stock is owned by hedge funds and other institutional investors.

Insperity Company Profile

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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.

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