Comerica Bank Has $1.84 Million Stake in Insperity, Inc. $NSP

Key Points

• Comerica Bank has increased its investment in Insperity, Inc. by 48.2%, now holding a stake worth $1.84 million.
• Insperity reported a missed earnings estimate of $0.26 EPS for the quarter, compared to the consensus estimate of $0.41 EPS.
• The company announced a quarterly dividend of $0.60 per share, resulting in an annualized yield of 4.4%, despite a relatively high payout ratio of 226.42%.

Comerica Bank grew its position in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 48.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,663 shares of the business services provider's stock after buying an additional 6,720 shares during the quarter. Comerica Bank owned 0.05% of Insperity worth $1,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NSP. Reinhart Partners LLC. lifted its position in shares of Insperity by 26.6% during the 1st quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider's stock worth $132,423,000 after buying an additional 312,217 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Insperity during the 4th quarter worth approximately $17,521,000. Nuveen LLC bought a new position in shares of Insperity during the 1st quarter worth approximately $12,452,000. GAMMA Investing LLC lifted its position in shares of Insperity by 55,588.0% during the 1st quarter. GAMMA Investing LLC now owns 138,663 shares of the business services provider's stock worth $123,730,000 after buying an additional 138,414 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Insperity by 120.3% during the 1st quarter. Russell Investments Group Ltd. now owns 153,474 shares of the business services provider's stock worth $13,695,000 after buying an additional 83,823 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Insperity Stock Performance

Shares of NSP opened at $54.39 on Wednesday. The firm has a market cap of $2.05 billion, a PE ratio of 51.31 and a beta of 0.48. The stock's fifty day moving average price is $56.42 and its two-hundred day moving average price is $69.52. 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.

Insperity (NYSE:NSP - Get Free Report) 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). The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. Insperity had a net margin of 0.60% and a return on equity of 35.32%. The business's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. Insperity has set its FY 2025 guidance at 1.810-2.51 EPS. Q3 2025 guidance at 0.060-0.49 EPS. On average, equities research analysts forecast that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 4.4%. Insperity's payout ratio is presently 226.42%.

Insider Buying and Selling at Insperity

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

Analysts Set New Price Targets

Several research firms have commented on NSP. Truist Financial dropped their target price on shares of Insperity from $70.00 to $50.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. Roth Capital dropped their target price on shares of Insperity from $85.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. Wall Street Zen cut shares of Insperity from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Insperity from $68.00 to $51.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Insperity currently has an average rating of "Hold" and a consensus price target of $58.33.

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.

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