Insperity (NYSE:NSP – Get Rating) updated its third quarter 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.83-$1.06 for the period, compared to the consensus 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
NSP has been the subject of several analyst reports. William Blair reissued an outperform rating on shares of Insperity in a report on Tuesday, August 2nd. StockNews.com raised shares of Insperity from a buy rating to a strong-buy rating in a report on Friday, April 29th. TheStreet raised shares of Insperity from a c+ rating to a b- rating in a report on Wednesday, July 20th. Finally, Truist Financial cut their price objective on shares of Insperity from $138.00 to $120.00 in a report on Friday, July 15th. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Buy and an average price target of $129.33.
Insperity Price Performance
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NSP traded down $0.85 during trading on Tuesday, reaching $108.42. 258 shares of the company traded hands, compared to its average volume of 146,537. The company has a debt-to-equity ratio of 10.51, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $4.12 billion, a P/E ratio of 30.19, a PEG ratio of 1.81 and a beta of 1.35. Insperity has a 12-month low of $83.94 and a 12-month high of $129.32. The firm has a fifty day simple moving average of $100.40 and a 200 day simple moving average of $99.12.
Insperity (NYSE:NSP – Get Rating) last posted its earnings results on Monday, August 1st. The business services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.16. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Insperity had a return on equity of 341.97% and a net margin of 2.55%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. On average, equities analysts forecast that Insperity will post 4.03 EPS for the current year.
Insperity Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Thursday, June 9th were given a dividend of $0.52 per share. This is an increase from Insperity’s previous quarterly dividend of $0.45. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, June 8th. Insperity’s dividend payout ratio is currently 57.46%.
Insider Buying and Selling
In related news, Director John M. Morphy sold 1,750 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $109.19, for a total value of $191,082.50. Following the completion of the sale, the director now directly owns 9,041 shares in the company, valued at $987,186.79. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director John M. Morphy sold 1,750 shares of Insperity stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $109.19, for a total transaction of $191,082.50. Following the completion of the sale, the director now directly owns 9,041 shares in the company, valued at $987,186.79. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Paul J. Sarvadi sold 23,918 shares of Insperity stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $110.42, for a total value of $2,641,025.56. Following the sale, the chief executive officer now owns 596,667 shares of the company’s stock, valued at $65,883,970.14. The disclosure for this sale can be found here. 6.10% of the stock is owned by corporate insiders.
Institutional Trading of Insperity
Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new stake in shares of Insperity during the first quarter worth $124,000. Neuberger Berman Group LLC purchased a new position in shares of Insperity during the first quarter valued at $265,000. Symphony Financial Ltd. Co. increased its stake in shares of Insperity by 6.4% during the first quarter. Symphony Financial Ltd. Co. now owns 2,965 shares of the business services provider’s stock valued at $299,000 after buying an additional 178 shares during the period. Sei Investments Co. purchased a new position in shares of Insperity during the first quarter valued at $538,000. Finally, Mackenzie Financial Corp increased its stake in shares of Insperity by 2.6% during the first quarter. Mackenzie Financial Corp now owns 5,413 shares of the business services provider’s stock valued at $544,000 after buying an additional 138 shares during the period. 88.08% of the stock is currently owned by institutional investors.
Insperity Company Profile
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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