Paralel Advisors LLC purchased a new stake in Insperity, Inc. (NYSE:NSP – Free Report) in the second quarter, HoldingsChannel reports. The firm purchased 85,424 shares of the business services provider’s stock, valued at approximately $3,529,000.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Insperity during the second quarter worth approximately $229,243,000. Hawk Ridge Capital Management LP acquired a new position in Insperity in the 1st quarter valued at $39,608,000. Goldman Sachs Group Inc. raised its holdings in Insperity by 140.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,471,160 shares of the business services provider’s stock valued at $56,963,000 after acquiring an additional 859,326 shares in the last quarter. Invesco Ltd. lifted its position in shares of Insperity by 117.8% during the 4th quarter. Invesco Ltd. now owns 1,137,255 shares of the business services provider’s stock valued at $44,035,000 after acquiring an additional 615,100 shares during the period. Finally, Reinhart Partners LLC. lifted its position in shares of Insperity by 24.6% during the 4th quarter. Reinhart Partners LLC. now owns 2,745,035 shares of the business services provider’s stock valued at $106,288,000 after acquiring an additional 542,709 shares during the period. 93.44% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on NSP. Wall Street Zen upgraded Insperity from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Robert W. Baird set a $56.00 price objective on shares of Insperity in a research report on Friday, July 31st. Zacks Research upgraded shares of Insperity from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Insperity from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, July 15th. Finally, Roth Capital set a $61.00 target price on shares of Insperity in a report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $53.33.
Insider Buying and Selling
In other Insperity news, CEO Paul J. Sarvadi bought 233,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average price of $34.05 per share, with a total value of $7,933,650.00. Following the completion of the purchase, the chief executive officer owned 1,105,912 shares in the company, valued at $37,656,303.60. The trade was a 26.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.77% of the company’s stock.
Insperity Trading Up 0.8%
Shares of NSP stock opened at $52.28 on Friday. The stock’s fifty day moving average price is $46.51 and its two-hundred day moving average price is $35.28. The company has a market cap of $2.00 billion, a PE ratio of -121.58 and a beta of 0.52. Insperity, Inc. has a fifty-two week low of $18.57 and a fifty-two week high of $57.22. The company has a debt-to-equity ratio of 6.87, a quick ratio of 1.11 and a current ratio of 1.11.
Insperity (NYSE:NSP – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Insperity had a negative return on equity of 19.99% and a negative net margin of 0.23%.The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. Insperity’s revenue was up 1.7% on a year-over-year basis. Insperity has set its FY 2026 guidance at 1.880-2.430 EPS and its Q3 2026 guidance at -0.090-0.410 EPS. Equities analysts predict that Insperity, Inc. will post 1.07 EPS for the current fiscal year.
Insperity Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Wednesday, September 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Wednesday, September 2nd. Insperity’s payout ratio is currently -558.14%.
About Insperity
Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.
The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.
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