Legacy Wealth Asset Management LLC Sells 1,244 Shares of Insperity, Inc. $NSP

Legacy Wealth Asset Management LLC lowered its position in Insperity, Inc. (NYSE:NSP) by 9.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,656 shares of the business services provider’s stock after selling 1,244 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Insperity were worth $701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NSP. Reinhart Partners LLC. raised its stake in shares of Insperity by 20.4% in the second quarter. Reinhart Partners LLC. now owns 1,786,953 shares of the business services provider’s stock valued at $107,432,000 after acquiring an additional 302,893 shares during the period. Millennium Management LLC raised its stake in shares of Insperity by 533.8% in the first quarter. Millennium Management LLC now owns 323,875 shares of the business services provider’s stock valued at $28,899,000 after acquiring an additional 272,778 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Insperity by 40.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 703,011 shares of the business services provider’s stock valued at $62,730,000 after acquiring an additional 200,685 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Insperity by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 513,785 shares of the business services provider’s stock valued at $45,845,000 after acquiring an additional 180,563 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Insperity by 85.6% in the first quarter. AQR Capital Management LLC now owns 308,017 shares of the business services provider’s stock valued at $27,078,000 after acquiring an additional 142,043 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Activity at Insperity

In other Insperity news, Director John L. Lumelleau bought 5,500 shares of the company’s stock in a transaction on Monday, August 4th. The shares were bought at an average cost of $45.36 per share, for a total transaction of $249,480.00. Following the acquisition, the director directly owned 5,500 shares in the company, valued at approximately $249,480. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP James D. Allison bought 4,000 shares of the company’s stock in a transaction on Monday, August 4th. The shares were acquired at an average price of $46.82 per share, for a total transaction of $187,280.00. Following the completion of the acquisition, the executive vice president owned 64,517 shares in the company, valued at $3,020,685.94. This represents a 6.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 20,194 shares of company stock worth $925,981 over the last quarter. Corporate insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

NSP has been the topic of several recent analyst reports. Wall Street Zen raised shares of Insperity from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Insperity in a research note on Wednesday, October 8th. Roth Capital reduced their price target on shares of Insperity from $85.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. Zacks Research raised shares of Insperity from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Insperity from $68.00 to $51.00 and set an “underweight” rating on the stock in a research note on Monday, August 4th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $58.33.

Insperity Stock Up 0.6%

Shares of Insperity stock opened at $47.83 on Wednesday. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.12 and a quick ratio of 1.12. Insperity, Inc. has a 1 year low of $44.14 and a 1 year high of $95.98. The firm’s 50-day moving average is $51.25 and its two-hundred day moving average is $60.30. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 45.12 and a beta of 0.46.

Insperity (NYSE:NSP) last issued its earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.15). Insperity had a return on equity of 35.32% and a net margin of 0.60%.The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Insperity has set its FY 2025 guidance at 1.810-2.51 EPS. Q3 2025 guidance at 0.060-0.49 EPS. As a group, research analysts expect that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 5.0%. The ex-dividend date was Thursday, September 4th. Insperity’s dividend payout ratio is presently 226.42%.

Insperity Company Profile

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.