Bahl & Gaynor Inc. Raises Holdings in Insperity, Inc. $NSP

Key Points

• Bahl & Gaynor Inc. increased its stake in Insperity, Inc. by 15.1% during the first quarter, holding approximately 0.42% of the company's shares valued at $14.04 million.
• Insperity reported an earnings miss for Q2, with an EPS of $0.26, falling short of analyst expectations of $0.41, despite revenue meeting estimates at $1.66 billion.
• The company plans to pay a quarterly dividend of $0.60 on September 18, translating to an annualized yield of 4.3%, but has a high dividend payout ratio of 226.42%.

Bahl & Gaynor Inc. raised its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 15.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 157,301 shares of the business services provider's stock after buying an additional 20,611 shares during the quarter. Bahl & Gaynor Inc. owned about 0.42% of Insperity worth $14,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in Insperity by 279.1% in the first quarter. Private Trust Co. NA now owns 326 shares of the business services provider's stock valued at $29,000 after buying an additional 240 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Insperity in the first quarter valued at about $33,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Insperity in the first quarter valued at about $42,000. First Horizon Advisors Inc. increased its holdings in shares of Insperity by 56.0% in the first quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider's stock valued at $63,000 after purchasing an additional 253 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Insperity by 37.6% in the first quarter. UMB Bank n.a. now owns 1,168 shares of the business services provider's stock valued at $104,000 after purchasing an additional 319 shares during the period. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insperity Price Performance

Shares of NYSE NSP traded up $0.28 during midday trading on Friday, hitting $54.67. The stock had a trading volume of 72,213 shares, compared to its average volume of 521,014. The company has a market capitalization of $2.06 billion, a PE ratio of 51.65 and a beta of 0.47. The stock has a 50 day simple moving average of $56.71 and a 200-day simple moving average of $70.29. Insperity, Inc. has a 1 year low of $44.14 and a 1 year high of $95.98. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.29.

Insperity (NYSE:NSP - Get Free Report) last released its earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.15). The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.66 billion. Insperity had a net margin of 0.60% and a return on equity of 35.32%. The business's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business 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. On average, sell-side analysts expect that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

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

Insider Activity

In other news, Director Randall Mehl bought 2,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of $45.05 per share, with a total value of $90,100.00. Following the purchase, the director owned 22,707 shares in the company, valued at approximately $1,022,950.35. The trade was a 9.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John L. Lumelleau bought 5,500 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $45.36 per share, for a total transaction of $249,480.00. Following the purchase, the director owned 5,500 shares in the company, valued at $249,480. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 20,194 shares of company stock valued at $925,981 in the last 90 days. 5.29% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on NSP shares. Wall Street Zen lowered Insperity from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Truist Financial dropped their target price on Insperity from $70.00 to $50.00 and set a "hold" rating on the stock in a report on Monday, August 4th. JPMorgan Chase & Co. dropped their target price on Insperity from $68.00 to $51.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Finally, Roth Capital dropped their target price on Insperity from $85.00 to $74.00 and set a "buy" rating on the stock 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $58.33.

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.