Bank of New York Mellon Corp Purchases New Position in Insperity, Inc. $NSP

Key Points

• Bank of New York Mellon acquired 235,008 Insperity shares worth approximately $9.7 million, while institutional investors and hedge funds 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 some recent upgrades to “Hold.”
• Insperity beat quarterly earnings and revenue estimates, reporting $0.34 EPS on $1.69 billion in revenue, and declared a quarterly dividend of $0.60 per share, representing a 4.8% annualized yield.

Bank of New York Mellon Corp acquired a new position in shares of Insperity, Inc. (NYSE:NSP - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 235,008 shares of the business services provider's stock, valued at approximately $9,708,000. Bank of New York Mellon Corp owned approximately 0.62% of Insperity at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Hawk Ridge Capital Management LP bought a new position in shares of Insperity in the 1st quarter valued at $39,608,000. Goldman Sachs Group Inc. increased its holdings in Insperity by 140.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,471,160 shares of the business services provider's stock worth $56,963,000 after purchasing an additional 859,326 shares in the last quarter. Invesco Ltd. raised its position in Insperity by 117.8% in the fourth quarter. Invesco Ltd. now owns 1,137,255 shares of the business services provider's stock valued at $44,035,000 after purchasing an additional 615,100 shares during the last quarter. Reinhart Partners LLC. raised its position in Insperity by 24.6% in the fourth quarter. Reinhart Partners LLC. now owns 2,745,035 shares of the business services provider's stock valued at $106,288,000 after purchasing an additional 542,709 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co acquired a new stake in shares of Insperity during the first quarter valued at about $12,890,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on NSP shares. Wall Street Zen upgraded shares of Insperity from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Robert W. Baird set a $56.00 price objective on Insperity in a research note on Friday, July 31st. Roth Capital set a $61.00 target price on Insperity in a report on Friday, July 31st. Truist Financial set a $52.00 price target on shares of Insperity and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Finally, Zacks Research raised shares of Insperity from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $53.33.

Insperity Trading Down 1.8%

NYSE NSP opened at $50.49 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 6.87. The business has a fifty day simple moving average of $49.36 and a 200 day simple moving average of $36.26. Insperity, Inc. has a 12 month low of $18.57 and a 12 month high of $57.22. The firm has a market capitalization of $1.93 billion, a P/E ratio of -117.42 and a beta of 0.51.

Insperity (NYSE:NSP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.34 earnings per share (EPS) 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 business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm posted $0.26 EPS. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. Insperity has set its FY 2026 guidance at 1.880-2.430 EPS and its Q3 2026 guidance at -0.090-0.410 EPS. On average, analysts predict that Insperity, Inc. will post 1.07 EPS for the current fiscal year.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $2.40 annualized dividend and a dividend yield of 4.8%. Insperity's dividend payout ratio (DPR) is currently -558.14%.

About Insperity

Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.

The company's flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers' compensation administration, and compliance with employment regulations.

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