Nuveen LLC Makes New $12.45 Million Investment in Insperity, Inc. $NSP

Key Points

• Nuveen LLC acquired 139,552 shares of Insperity, Inc. for approximately $12.45 million, representing about 0.37% of the company's stock.
• Insperity's recent earnings report revealed a miss on EPS expectations, reporting $0.26 against a consensus estimate of $0.41, while the firm's revenue met estimates at $1.66 billion.
• The company announced a quarterly dividend of $0.60 per share, translating to an annualized yield of 4.5%, but holds a high dividend payout ratio of 226.42%.

Nuveen LLC acquired a new position in Insperity, Inc. (NYSE:NSP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 139,552 shares of the business services provider's stock, valued at approximately $12,452,000. Nuveen LLC owned approximately 0.37% of Insperity as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NSP. Crossmark Global Holdings Inc. purchased a new position in shares of Insperity during the 1st quarter worth about $222,000. GAMMA Investing LLC boosted its stake in shares of Insperity by 524.1% during the 1st quarter. GAMMA Investing LLC now owns 1,554 shares of the business services provider's stock worth $139,000 after purchasing an additional 1,305 shares during the period. Millennium Management LLC boosted its stake in shares of Insperity by 28.4% during the 4th quarter. Millennium Management LLC now owns 51,097 shares of the business services provider's stock worth $3,961,000 after purchasing an additional 11,289 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Insperity by 597.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,317 shares of the business services provider's stock worth $1,813,000 after purchasing an additional 17,406 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Insperity during the 1st quarter worth about $268,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on NSP. Truist Financial dropped their price target on shares of Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a research note on Monday, August 4th. Roth Capital dropped their price target on shares of Insperity from $85.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Wall Street Zen lowered shares of Insperity from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Insperity from $68.00 to $51.00 and set an "underweight" rating for the company in a report on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $58.33.

Insider Activity

In other news, Director Carol R. Kaufman acquired 5,000 shares of Insperity stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of $45.24 per share, for a total transaction of $226,200.00. Following the purchase, the director directly owned 47,067 shares in the company, valued at $2,129,311.08. The trade was a 11.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eli Jones acquired 2,204 shares of Insperity stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of $45.41 per share, with a total value of $100,083.64. Following the purchase, the director owned 12,847 shares in the company, valued at $583,382.27. This represents a 20.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 20,194 shares of company stock worth $925,981 over the last 90 days. 5.29% of the stock is currently owned by insiders.

Insperity Stock Up 2.7%

Shares of NYSE:NSP traded up $1.45 during trading hours on Wednesday, hitting $55.07. The company's stock had a trading volume of 395,829 shares, compared to its average volume of 852,572. Insperity, Inc. has a 52 week low of $44.14 and a 52 week high of $95.98. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 51.95 and a beta of 0.47. The firm's fifty day moving average price is $56.83 and its 200 day moving average price is $70.47.

Insperity (NYSE:NSP - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The business services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.15). The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Insperity had a return on equity of 35.32% and a net margin of 0.60%.The company's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS. 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 EPS for the current year.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, September 4th. Insperity's payout ratio is 226.42%.

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.