Insperity, Inc. $NSP Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. has reduced its stake in Insperity, Inc. by 46.1%, now holding 72,317 shares worth approximately $6.45 million.
• Insperity reported a quarterly earnings per share (EPS) of $0.26, missing consensus estimates of $0.41, with revenue remaining stable at $1.66 billion.
• The company announced a quarterly dividend of $0.60 per share, with an annualized dividend yield of 4.4%, reflecting a payout ratio of 226.42%.

Raymond James Financial Inc. lowered its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 46.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,317 shares of the business services provider's stock after selling 61,736 shares during the quarter. Raymond James Financial Inc. owned about 0.19% of Insperity worth $6,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Private Trust Co. NA increased its holdings in shares of Insperity by 279.1% during the 1st quarter. Private Trust Co. NA now owns 326 shares of the business services provider's stock valued at $29,000 after purchasing an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Insperity in the first quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Insperity during the 1st quarter valued at about $42,000. First Horizon Advisors Inc. raised its stake in 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 period. Finally, UMB Bank n.a. raised its stake in 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 period. 93.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director John L. Lumelleau bought 5,500 shares of the stock in a transaction dated Monday, August 4th. The stock was purchased at an average cost of $45.36 per share, with a total value of $249,480.00. Following the completion of the purchase, the director owned 5,500 shares of the company's stock, valued at $249,480. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James D. Allison acquired 4,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average cost of $46.82 per share, for a total transaction of $187,280.00. Following the transaction, the executive vice president owned 64,517 shares of the company's stock, valued at $3,020,685.94. This represents a 6.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 20,194 shares of company stock worth $925,981. 5.50% of the stock is owned by insiders.

Insperity Trading Down 1.8%

Shares of NSP traded down $0.98 during mid-day trading on Monday, reaching $53.02. 288,837 shares of the company were exchanged, compared to its average volume of 521,113. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.12 and a current ratio of 1.12. Insperity, Inc. has a 52 week low of $44.14 and a 52 week high of $95.98. The business has a 50 day simple moving average of $56.17 and a two-hundred day simple moving average of $68.73. The stock has a market capitalization of $2.00 billion, a PE ratio of 50.06 and a beta of 0.48.

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 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 analysts' expectations of $1.66 billion. Insperity had a return on equity of 35.32% and a net margin of 0.60%.Insperity's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Insperity has set its FY 2025 guidance at 1.810-2.51 EPS. Q3 2025 guidance at 0.060-0.49 EPS. On average, analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.5%. The ex-dividend date is Thursday, September 4th. Insperity's dividend payout ratio (DPR) is currently 226.42%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Insperity from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. reduced their price objective on shares of Insperity from $68.00 to $51.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Truist Financial cut 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. Finally, Roth Capital cut their price target on shares of Insperity from $85.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $58.33.

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.