Insperity (NYSE:NSP) Updates Q3 2022 Earnings Guidance

Insperity (NYSE:NSPGet Rating) issued an update on its third quarter 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.83-$1.06 for the period, compared to the consensus earnings per share estimate of $1.00. The company issued revenue guidance of -. Insperity also updated its FY 2022 guidance to $4.68-$5.25 EPS.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com raised shares of Insperity from a buy rating to a strong-buy rating in a research note on Friday, April 29th. TheStreet raised shares of Insperity from a c+ rating to a b- rating in a research note on Wednesday, July 20th. William Blair reissued an outperform rating on shares of Insperity in a research note on Tuesday. Finally, Truist Financial lowered their price target on shares of Insperity from $138.00 to $120.00 in a research note on Friday, July 15th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Insperity currently has a consensus rating of Buy and a consensus target price of $129.33.

Insperity Trading Down 0.1 %

Shares of NSP stock traded down $0.06 during mid-day trading on Friday, reaching $109.34. The stock had a trading volume of 120,591 shares, compared to its average volume of 202,158. The stock’s 50-day moving average price is $100.21 and its two-hundred day moving average price is $99.18. Insperity has a 52-week low of $83.94 and a 52-week high of $129.32. The firm has a market capitalization of $4.19 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.11 and a debt-to-equity ratio of 10.51.

Insperity (NYSE:NSPGet Rating) last released its quarterly earnings data on Monday, August 1st. The business services provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.17. Insperity had a net margin of 2.55% and a return on equity of 341.97%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. Equities analysts expect that Insperity will post 3.89 earnings per share for the current fiscal year.

Insperity Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Thursday, June 9th were given a $0.52 dividend. This is a boost from Insperity’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.90%. Insperity’s payout ratio is presently 57.46%.

Insider Buying and Selling at Insperity

In other Insperity news, Director John M. Morphy sold 1,750 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $109.19, for a total value of $191,082.50. Following the transaction, the director now owns 9,041 shares in the company, valued at $987,186.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Paul J. Sarvadi sold 23,918 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $110.42, for a total transaction of $2,641,025.56. Following the transaction, the chief executive officer now owns 596,667 shares in the company, valued at $65,883,970.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John M. Morphy sold 1,750 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $109.19, for a total transaction of $191,082.50. Following the transaction, the director now owns 9,041 shares in the company, valued at approximately $987,186.79. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Insperity

Hedge funds and other institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC purchased a new stake in Insperity in the first quarter worth about $265,000. Jane Street Group LLC grew its holdings in Insperity by 214.7% in the first quarter. Jane Street Group LLC now owns 9,533 shares of the business services provider’s stock worth $957,000 after purchasing an additional 6,504 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Insperity in the first quarter worth about $124,000. Quantbot Technologies LP grew its holdings in Insperity by 495.1% in the first quarter. Quantbot Technologies LP now owns 8,117 shares of the business services provider’s stock worth $815,000 after purchasing an additional 6,753 shares during the period. Finally, Royal Bank of Canada grew its holdings in Insperity by 3.9% in the first quarter. Royal Bank of Canada now owns 143,205 shares of the business services provider’s stock worth $14,380,000 after purchasing an additional 5,360 shares during the period. Hedge funds and other institutional investors own 88.08% of the company’s stock.

Insperity Company Profile

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Insperity, Inc provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company 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.

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