PDT Partners LLC Buys 24,977 Shares of Insperity, Inc. $NSP

Key Points

• PDT Partners LLC increased its stake in Insperity, Inc. by 273.8% in the first quarter, acquiring a total of 34,098 shares valued at approximately $3 million.
• Wall Street analysts have issued a mix of ratings, with a recent downgrade from a "hold" to a "sell," and the average target price for Insperity shares is now $58.33.
• Insperity announced a quarterly dividend of $0.60 per share, resulting in an annualized dividend yield of 4.4%, with a payout ratio of 226.42%.

PDT Partners LLC raised its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 273.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,098 shares of the business services provider's stock after purchasing an additional 24,977 shares during the quarter. PDT Partners LLC owned 0.09% of Insperity worth $3,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NSP. Crossmark Global Holdings Inc. purchased a new position in Insperity during the 1st quarter worth $222,000. GAMMA Investing LLC grew its stake in shares of Insperity by 524.1% in the 1st quarter. GAMMA Investing LLC now owns 1,554 shares of the business services provider's stock worth $139,000 after acquiring an additional 1,305 shares in the last quarter. Millennium Management LLC grew its stake in shares of Insperity by 28.4% in the 4th quarter. Millennium Management LLC now owns 51,097 shares of the business services provider's stock worth $3,961,000 after acquiring an additional 11,289 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Insperity by 597.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,317 shares of the business services provider's stock worth $1,813,000 after acquiring an additional 17,406 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Insperity in the 1st quarter worth $268,000. Institutional investors own 93.44% of the company's stock.

Insperity Stock Performance

NYSE NSP traded down $1.70 during trading on Friday, hitting $53.93. 750,989 shares of the company's stock traded hands, compared to its average volume of 526,574. Insperity, Inc. has a 12-month low of $44.14 and a 12-month high of $95.98. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 50.87 and a beta of 0.48. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.12 and a current ratio of 1.12. The business has a 50 day moving average of $56.17 and a 200-day moving average of $68.98.

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 analysts' consensus estimates of $0.41 by ($0.15). Insperity had a return on equity of 35.32% and a net margin of 0.60%.The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the previous year, the company posted $0.86 earnings per share. 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. As a group, equities research analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Thursday, September 4th. Insperity's dividend payout ratio is 226.42%.

Analyst Ratings Changes

Several research firms have recently issued reports on NSP. Wall Street Zen lowered shares of Insperity from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Truist Financial reduced their target price on shares of 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 target price on shares of Insperity from $68.00 to $51.00 and set an "underweight" rating for the company 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 for the company in a research 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $58.33.

Insider Buying and Selling

In related news, Director Carol R. Kaufman acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average cost of $45.24 per share, for a total transaction of $226,200.00. Following the completion of the transaction, the director owned 47,067 shares in the company, valued at approximately $2,129,311.08. This trade represents a 11.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP James D. Allison acquired 4,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average price of $46.82 per share, for a total transaction of $187,280.00. Following the completion of the transaction, the executive vice president owned 64,517 shares of the company's stock, valued at $3,020,685.94. The trade was a 6.61% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 20,194 shares of company stock valued at $925,981 in the last 90 days. 5.29% of the stock is owned by company insiders.

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.