Millennium Management LLC Buys 272,778 Shares of 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 holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 533.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 323,875 shares of the business services provider's stock after acquiring an additional 272,778 shares during the period. Millennium Management LLC owned about 0.86% of Insperity worth $28,899,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA grew its position in Insperity by 279.1% in the first quarter. Private Trust Co. NA now owns 326 shares of the business services provider's stock valued at $29,000 after acquiring an additional 240 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Insperity during the first quarter worth about $33,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Insperity during the first quarter worth about $42,000. First Horizon Advisors Inc. grew its holdings in shares of Insperity by 56.0% during the first quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider's stock worth $63,000 after purchasing an additional 253 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Insperity by 37.6% during the first quarter. UMB Bank n.a. now owns 1,168 shares of the business services provider's stock worth $104,000 after purchasing an additional 319 shares during the last quarter. Institutional investors own 93.44% of the company's stock.

Insperity Stock Up 1.9%

Insperity stock traded up $0.99 during trading on Wednesday, hitting $52.75. 37,907 shares of the company were exchanged, compared to its average volume of 522,336. The business's 50 day moving average is $54.98 and its 200 day moving average is $67.19. Insperity, Inc. has a 52 week low of $44.14 and a 52 week high of $95.98. The company has a market capitalization of $1.99 billion, a P/E ratio of 49.72 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 (NYSE:NSP - Get Free Report) last announced its quarterly 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). Insperity had a return on equity of 35.32% and a net margin of 0.60%.The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company posted $0.86 EPS. The company'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. Analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, September 4th. This represents a $2.40 annualized dividend and a yield of 4.6%. Insperity's dividend payout ratio is 226.42%.

Analyst Ratings Changes

NSP has been the topic of several research reports. Wall Street Zen upgraded Insperity from a "sell" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. reduced their price target on Insperity from $68.00 to $51.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Roth Capital reduced their target price on Insperity from $85.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Finally, Truist Financial lowered their price target on shares of Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a report on Monday, August 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $58.33.

Insider Transactions at Insperity

In other Insperity news, Director Carol R. Kaufman acquired 5,000 shares of Insperity stock in a transaction on Monday, August 4th. The stock was purchased at an average price of $45.24 per share, for a total transaction of $226,200.00. Following the purchase, the director directly owned 47,067 shares of the company's stock, valued at $2,129,311.08. This trade represents a 11.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Randall Mehl acquired 2,000 shares of Insperity stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $45.05 per share, with a total value of $90,100.00. Following the purchase, the director directly owned 22,707 shares in the company, valued at approximately $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. 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.

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.