Harbor Capital Advisors Inc. Has $8.65 Million Position in Insperity, Inc. $NSP

Key Points

• Harbor Capital Advisors Inc. increased its stake in Insperity, Inc. to 143,841 shares, representing a 10.3% growth during the second quarter, valued at approximately $8.65 million.
• Insperity recently reported quarterly earnings of $0.26 per share, which missed analysts' expectations, and noted a 3.3% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.60 with a dividend yield of 4.6%, though its dividend payout ratio is notably high at 226.42%.

Harbor Capital Advisors Inc. lifted its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,841 shares of the business services provider's stock after buying an additional 13,388 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.38% of Insperity worth $8,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NSP. Reinhart Partners LLC. boosted its holdings in Insperity by 26.6% in the 1st quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider's stock worth $132,423,000 after acquiring an additional 312,217 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Insperity by 5.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,410,944 shares of the business services provider's stock valued at $125,899,000 after purchasing an additional 78,888 shares during the period. Earnest Partners LLC boosted its stake in shares of Insperity by 3.3% in the first quarter. Earnest Partners LLC now owns 1,370,771 shares of the business services provider's stock valued at $122,314,000 after purchasing an additional 44,004 shares during the period. Sei Investments Co. boosted its position in Insperity by 0.3% in the 1st quarter. Sei Investments Co. now owns 787,553 shares of the business services provider's stock valued at $70,273,000 after buying an additional 2,419 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Insperity by 40.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 703,011 shares of the business services provider's stock valued at $62,730,000 after buying an additional 200,685 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insperity Price Performance

NYSE:NSP traded down $1.16 during midday trading on Friday, hitting $50.33. 1,440,417 shares of the stock were exchanged, compared to its average volume of 494,163. Insperity, Inc. has a one year low of $44.14 and a one year high of $95.98. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 47.48 and a beta of 0.48. The business has a 50-day moving average price of $54.46 and a two-hundred day moving average price of $66.60. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.29.

Insperity (NYSE:NSP - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.66 billion during 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%.Insperity's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Sell-side analysts predict that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 4.8%. Insperity's dividend payout ratio is 226.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Insperity from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Truist Financial reduced their target price on Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a research note on Monday, August 4th. JPMorgan Chase & Co. reduced their price objective on shares of Insperity from $68.00 to $51.00 and set an "underweight" rating on the stock in a research note on Monday, August 4th. Finally, Roth Capital reduced their price target 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. 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 a consensus rating of "Hold" and an average target price of $58.33.

Insider Activity at Insperity

In other Insperity news, Director Carol R. Kaufman bought 5,000 shares of the stock in a transaction on Monday, August 4th. The shares were purchased at an average cost of $45.24 per share, with a total value of $226,200.00. Following the completion of the transaction, the director directly owned 47,067 shares of the company's stock, valued at $2,129,311.08. This represents a 11.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James D. Allison acquired 4,000 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were purchased 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 $3,020,685.94. This represents a 6.61% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,194 shares of company stock worth $925,981 over the last quarter. 5.29% of the stock is currently owned by corporate insiders.

Insperity 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.