T. Rowe Price Investment Management Inc. Buys 14,507 Shares of Insperity, Inc. $NSP

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Insperity, Inc. by 2.9% during the first quarter, owning approximately 1.38% of the company's shares valued at $46.46 million.
• Insperity's quarterly earnings report revealed a missed EPS estimate of $0.26 compared to the expected $0.41, alongside revenue of $1.66 billion, representing a 3.3% year-over-year increase.
• The company declared a quarterly dividend of $0.60 per share with a 4.3% yield, reflecting a high dividend payout ratio of 226.42%.

T. Rowe Price Investment Management Inc. lifted its position in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 520,637 shares of the business services provider's stock after buying an additional 14,507 shares during the period. T. Rowe Price Investment Management Inc. owned about 1.38% of Insperity worth $46,457,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSP. Private Trust Co. NA increased its position 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 worth $29,000 after purchasing an additional 240 shares during 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 bought a new position in shares of Insperity during the 1st quarter worth approximately $42,000. First Horizon Advisors Inc. increased its holdings in shares of Insperity by 56.0% during 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. lifted its holdings in Insperity by 37.6% during the 1st quarter. UMB Bank n.a. now owns 1,168 shares of the business services provider's stock valued at $104,000 after purchasing an additional 319 shares during the last quarter. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Latha Ramchand purchased 1,000 shares of Insperity stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price of $50.64 per share, for a total transaction of $50,640.00. Following the completion of the transaction, the director directly owned 15,120 shares of the company's stock, valued at $765,676.80. This represents a 7.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James D. Allison bought 4,000 shares of the stock in a transaction dated Monday, August 4th. The stock was purchased at an average price of $46.82 per share, with a total value of $187,280.00. Following the purchase, the executive vice president owned 64,517 shares in the company, valued at $3,020,685.94. This trade represents a 6.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 20,194 shares of company stock valued at $925,981 over the last quarter. 5.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NSP has been the subject of a number of research reports. Wall Street Zen cut shares of Insperity from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Truist Financial reduced their price target on Insperity from $70.00 to $50.00 and set a "hold" rating on the stock in a report on Monday, August 4th. 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 research report on Monday, August 4th. Finally, Roth Capital dropped their price target on shares of Insperity from $85.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $58.33.

Insperity Stock Down 1.0%

Shares of NSP stock traded down $0.58 on Thursday, hitting $54.48. The stock had a trading volume of 215,521 shares, compared to its average volume of 522,229. Insperity, Inc. has a 12-month low of $44.14 and a 12-month high of $95.98. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 51.40 and a beta of 0.47. The business has a 50 day moving average of $56.83 and a 200 day moving average of $70.47. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.12 and a quick ratio of 1.12.

Insperity (NYSE:NSP - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The business services provider reported $0.26 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 business 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 business posted $0.86 earnings per share. The business's 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, analysts expect that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $2.40 dividend on an annualized basis and a yield of 4.4%. Insperity's dividend payout ratio (DPR) is presently 226.42%.

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.