Insperity, Inc. $NSP Shares Sold by Bank of America Corp DE

Key Points

• Bank of America cut its Insperity stake by 42% in the first quarter, selling 976,212 shares and retaining 1.35 million shares worth approximately $36.4 million. Institutional investors collectively own 93.44% of the company.
• Insperity CEO Paul J. Sarvadi purchased 233,000 shares for about $7.9 million, increasing his direct ownership by 26.69%; insiders now own 5.77% of the stock.
• The company exceeded quarterly earnings and revenue estimates, reporting $0.34 EPS and $1.69 billion in revenue, while analysts maintain a consensus “Reduce” rating with an average price target of $53.33.

Bank of America Corp DE reduced its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 42.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,345,533 shares of the business services provider's stock after selling 976,212 shares during the period. Bank of America Corp DE owned about 3.53% of Insperity worth $36,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC purchased a new position in shares of Insperity during the 1st quarter valued at approximately $3,129,000. Hawk Ridge Capital Management LP purchased a new stake in Insperity in the 1st quarter worth $39,608,000. Quantinno Capital Management LP raised its position in Insperity by 43.2% during the first quarter. Quantinno Capital Management LP now owns 68,101 shares of the business services provider's stock worth $1,841,000 after acquiring an additional 20,535 shares during the period. Public Employees Retirement System of Ohio raised its position in Insperity by 48.1% during the first quarter. Public Employees Retirement System of Ohio now owns 1,299 shares of the business services provider's stock worth $35,000 after acquiring an additional 422 shares during the period. Finally, Towle & Co. purchased a new position in Insperity during the first quarter valued at $4,864,000. 93.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Insperity

In other news, CEO Paul J. Sarvadi bought 233,000 shares of Insperity stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of $34.05 per share, with a total value of $7,933,650.00. Following the completion of the acquisition, the chief executive officer directly owned 1,105,912 shares in the company, valued at $37,656,303.60. The trade was a 26.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.77% of the company's stock.

Insperity Stock Performance

NYSE NSP opened at $52.12 on Friday. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $1.99 billion, a P/E ratio of -121.21 and a beta of 0.52. The stock has a 50-day moving average of $45.31 and a two-hundred day moving average of $35.09. Insperity, Inc. has a 1-year low of $18.57 and a 1-year high of $57.22.

Insperity (NYSE:NSP - Get Free Report) last released its earnings results 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. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. Insperity had a negative net margin of 0.23% and a negative return on equity of 19.99%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. Insperity has set its FY 2026 guidance at 1.880-2.430 EPS and its Q3 2026 guidance at -0.090-0.410 EPS. As a group, analysts anticipate that Insperity, Inc. will post 1.07 EPS for the current year.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.6%. Insperity's payout ratio is currently -558.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NSP. Roth Capital set a $61.00 target price on shares of Insperity in a research note on Friday, July 31st. Weiss Ratings raised shares of Insperity from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, July 15th. Truist Financial set a $52.00 price objective on Insperity and gave the stock a "hold" rating in a report on Wednesday, July 22nd. Robert W. Baird set a $56.00 price objective on Insperity in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. reduced their target price on Insperity from $35.00 to $33.00 and set an "underweight" rating for the company in a report on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $53.33.

Insperity Profile

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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