Bank of America Corp DE Purchases Shares of 2,868,150 Insperity, Inc. $NSP

Key Points

• Bank of America acquired 2.87 million Insperity shares worth approximately $118.5 million, giving it a 7.51% stake. Institutional investors collectively own 93.44% of the company.
• Analyst sentiment remains cautious: Insperity has a consensus rating of “Reduce” and an average price target of $53.33, despite recent target prices ranging from $52 to $61.
• Insperity beat quarterly earnings expectations with $0.34 EPS and $1.69 billion in revenue, while maintaining a quarterly dividend of $0.60 per share, equivalent to a 4.8% annual yield.

Bank of America Corp DE purchased a new stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,868,150 shares of the business services provider's stock, valued at approximately $118,483,000. Bank of America Corp DE owned 7.51% of Insperity as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NSP. BlackRock Inc. bought a new stake in Insperity during the 2nd quarter valued at $229,243,000. Reinhart Partners LLC. raised its stake in Insperity by 12.1% in the second quarter. Reinhart Partners LLC. now owns 3,304,074 shares of the business services provider's stock worth $136,492,000 after buying an additional 356,365 shares in the last quarter. Hawk Ridge Capital Management LP bought a new position in Insperity in the first quarter worth about $39,608,000. Sei Investments Co. lifted its holdings in Insperity by 47.7% in the first quarter. Sei Investments Co. now owns 1,311,430 shares of the business services provider's stock worth $35,461,000 after buying an additional 423,383 shares during the period. Finally, Royce & Associates LP boosted its position in Insperity by 50.2% during the 4th quarter. Royce & Associates LP now owns 792,834 shares of the business services provider's stock valued at $30,699,000 after acquiring an additional 265,041 shares in the last quarter. 93.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NSP has been the subject of a number of analyst reports. Roth Capital set a $61.00 price objective on Insperity in a research report on Friday, July 31st. Truist Financial set a $52.00 target price on Insperity and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Robert W. Baird set a $56.00 price target on Insperity in a report on Friday, July 31st. Zacks Research raised Insperity from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Insperity from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $53.33.

Insperity Stock Up 0.4%

NYSE NSP opened at $50.14 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 6.87. Insperity, Inc. has a 12 month low of $18.57 and a 12 month high of $55.90. The stock's 50 day moving average is $51.09 and its 200 day moving average is $38.44. The stock has a market cap of $1.91 billion, a PE ratio of -116.60 and a beta of 0.51.

Insperity (NYSE:NSP - Get Free Report) last issued its earnings results on Wednesday, July 29th. The business services provider reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. Insperity had a negative net margin of 0.23% and a negative return on equity of 19.99%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. Insperity's revenue for the quarter was up 1.7% on a year-over-year basis. Insperity has set its FY 2026 guidance at 1.880-2.430 EPS and its Q3 2026 guidance at -0.090-0.410 EPS. Research analysts predict that Insperity, Inc. will post 1.07 EPS for the current fiscal year.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Wednesday, September 2nd were given a $0.60 dividend. The ex-dividend date was Wednesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 4.8%. Insperity's dividend payout ratio (DPR) is currently -558.14%.

Insperity Company Profile

Insperity, Inc is a professional employer organization (PEO) that provides human resources and workforce-management services to small and midsized businesses. The company helps clients manage employment-related administrative responsibilities while supporting their broader human capital needs.

Its services include payroll and employee benefits administration, human resources support, employment compliance, risk management, recruiting, employee training, performance management and workforce optimization.

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