Insperity (NYSE:NSP) Issues Q3 2022 Earnings Guidance

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com upgraded Insperity from a buy rating to a strong-buy rating in a report on Friday, April 29th. William Blair reissued an outperform rating on shares of Insperity in a research report on Tuesday. TheStreet raised Insperity from a c+ rating to a b- rating in a research report on Wednesday, July 20th. Finally, Truist Financial lowered their price objective on Insperity from $138.00 to $120.00 in a research report on Friday, July 15th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of Buy and an average price target of $129.33.

Insperity Stock Down 0.1 %

Shares of Insperity stock traded down $0.06 during trading on Friday, reaching $109.34. The company’s stock had a trading volume of 120,591 shares, compared to its average volume of 202,158. The company has a 50-day simple moving average of $100.21 and a two-hundred day simple moving average of $99.18. Insperity has a 1-year low of $83.94 and a 1-year high of $129.32. The company has a quick ratio of 1.11, a current ratio of 1.13 and a debt-to-equity ratio of 10.51. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 30.20, a P/E/G ratio of 1.89 and a beta of 1.34.

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

Insperity Increases Dividend

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

Insiders Place Their Bets

In other news, Director John M. Morphy sold 1,750 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 9,041 shares of the company’s stock, valued at approximately $987,186.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director John M. Morphy sold 1,750 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 9,041 shares of the company’s stock, valued at approximately $987,186.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $2,641,025.56. Following the completion of the transaction, the chief executive officer now directly owns 596,667 shares of the company’s stock, valued at approximately $65,883,970.14. The disclosure for this sale can be found here. 6.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Insperity

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake in Insperity by 129.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 724,095 shares of the business services provider’s stock worth $72,714,000 after buying an additional 409,174 shares in the last quarter. Sunriver Management LLC purchased a new stake in Insperity during the 1st quarter worth approximately $13,112,000. Invesco Ltd. increased its stake in Insperity by 51.6% during the 1st quarter. Invesco Ltd. now owns 138,515 shares of the business services provider’s stock worth $13,910,000 after buying an additional 47,122 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Insperity by 28.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 138,020 shares of the business services provider’s stock worth $13,860,000 after buying an additional 30,502 shares in the last quarter. Finally, State Street Corp increased its stake in Insperity by 1.9% during the 1st quarter. State Street Corp now owns 1,116,500 shares of the business services provider’s stock worth $112,119,000 after buying an additional 20,543 shares in the last quarter. Hedge funds and other institutional investors own 88.08% of the company’s stock.

About Insperity

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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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