T. Rowe Price Investment Management Inc. Raises Stock Holdings in 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. grew its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 520,637 shares of the business services provider's stock after buying an additional 14,507 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 1.38% of Insperity worth $46,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Beverly Hills Private Wealth LLC increased its position in Insperity by 4.6% in the first quarter. Beverly Hills Private Wealth LLC now owns 3,538 shares of the business services provider's stock worth $316,000 after buying an additional 155 shares in the last quarter. Snowden Capital Advisors LLC increased its position in Insperity by 6.0% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,294 shares of the business services provider's stock worth $255,000 after buying an additional 186 shares in the last quarter. LPL Financial LLC increased its position in Insperity by 3.5% in the fourth quarter. LPL Financial LLC now owns 6,227 shares of the business services provider's stock worth $483,000 after buying an additional 208 shares in the last quarter. Private Trust Co. NA increased 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 worth $29,000 after buying an additional 240 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Insperity by 9.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,911 shares of the business services provider's stock worth $226,000 after buying an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Activity at Insperity

In other news, EVP James D. Allison purchased 4,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was bought at an average cost of $46.82 per share, with a total value of $187,280.00. Following the completion of the purchase, the executive vice president owned 64,517 shares in the company, valued at approximately $3,020,685.94. This represents a 6.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Randall Mehl purchased 2,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average cost of $45.05 per share, with a total value of $90,100.00. Following the completion of the purchase, the director owned 22,707 shares of the company's stock, valued at $1,022,950.35. The trade was a 9.66% 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 currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NSP. Wall Street Zen cut Insperity from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Truist Financial dropped their price objective on Insperity from $70.00 to $50.00 and set a "hold" rating for the company in a research note on Monday, August 4th. Roth Capital dropped their price objective on 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. dropped their price objective on Insperity from $68.00 to $51.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $58.33.

Insperity Stock Performance

NYSE NSP opened at $55.4930 on Friday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 52.35 and a beta of 0.47. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.29. The business has a 50-day moving average price of $57.16 and a 200-day moving average price of $70.82. Insperity, Inc. has a twelve month low of $44.14 and a twelve month high of $95.98.

Insperity (NYSE:NSP - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The business services provider reported $0.26 earnings per share 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 during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the company earned $0.86 EPS. The business's revenue was up 3.3% on a year-over-year basis. 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 predict that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Dividend Announcement

The company 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 dividend of $0.60 per share. 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 4.3%. Insperity's dividend payout ratio is presently 226.42%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.