Millennium Management LLC Has $28.90 Million Stock Holdings in Insperity, Inc. $NSP

Key Points

• Millennium Management LLC significantly increased its holdings in Insperity, Inc. by 533.8% during the first quarter, owning approximately 0.86% of the company, valued at about $28.9 million.
• Insperity reported a net margin of 0.60% and a year-over-year revenue increase of 3.3% but missed earnings estimates, posting $0.26 per share instead of the expected $0.41.
• The company declared a quarterly dividend of $0.60 per share, which equates to an annualized yield of 4.4%, although its dividend payout ratio stands at a high 226.42%.

Millennium Management LLC raised its position in Insperity, Inc. (NYSE:NSP - Free Report) by 533.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 323,875 shares of the business services provider's stock after purchasing an additional 272,778 shares during the period. Millennium Management LLC owned 0.86% of Insperity worth $28,899,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its stake in shares of Insperity by 279.1% in the 1st quarter. Private Trust Co. NA now owns 326 shares of the business services provider's stock worth $29,000 after acquiring an additional 240 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Insperity in the 1st quarter worth $33,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Insperity in the 1st quarter worth $42,000. First Horizon Advisors Inc. increased its stake in shares of Insperity by 56.0% in the 1st quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider's stock worth $63,000 after acquiring an additional 253 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Insperity by 37.6% in the 1st quarter. UMB Bank n.a. now owns 1,168 shares of the business services provider's stock worth $104,000 after acquiring an additional 319 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insperity Trading Down 0.9%

Shares of Insperity stock traded down $0.49 during trading hours on Tuesday, reaching $51.52. The stock had a trading volume of 151,131 shares, compared to its average volume of 523,213. The firm has a 50 day simple moving average of $55.18 and a two-hundred day simple moving average of $67.29. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 48.63 and a beta of 0.48. 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, Inc. has a 1 year low of $44.14 and a 1 year high of $95.98.

Insperity (NYSE:NSP - Get Free Report) last posted its earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.15). Insperity had a net margin of 0.60% and a return on equity of 35.32%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the business posted $0.86 EPS. Insperity's quarterly revenue was up 3.3% compared to the same quarter last year. Insperity has set its FY 2025 guidance at 1.810-2.51 EPS. Q3 2025 guidance at 0.060-0.49 EPS. As a group, equities research analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be given a $0.60 dividend. The ex-dividend date is Thursday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 4.7%. Insperity's dividend payout ratio (DPR) is presently 226.42%.

Insider Buying and Selling

In other news, Director Eli Jones bought 2,204 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $45.41 per share, for a total transaction of $100,083.64. Following the transaction, the director owned 12,847 shares in the company, valued at $583,382.27. The trade was a 20.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Randall Mehl bought 2,000 shares of the company's stock in a transaction on Monday, August 4th. The stock was bought at an average cost of $45.05 per share, for a total transaction of $90,100.00. Following the completion of the transaction, the director directly owned 22,707 shares of the company's stock, valued at $1,022,950.35. This trade represents a 9.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 20,194 shares of company stock worth $925,981. 5.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial cut their price objective on Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a research report on Monday, August 4th. Wall Street Zen raised Insperity from a "sell" rating to a "hold" rating in a research report on Saturday. Roth Capital lowered their price objective on shares of Insperity from $85.00 to $74.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. cut their target price 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. 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $58.33.

About Insperity

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.