Insperity (NYSE:NSP) Releases FY 2022 Earnings Guidance

Insperity (NYSE:NSPGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $4.68-$5.25 for the period, compared to the consensus estimate of $4.71. The company issued revenue guidance of -. Insperity also updated its Q3 2022 guidance to $0.83-$1.06 EPS.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Truist Financial lowered their price target on shares of Insperity from $138.00 to $120.00 in a report on Friday, July 15th. 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, William Blair restated an outperform rating on shares of Insperity in a research report on Tuesday. 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 data from MarketBeat, Insperity presently has an average rating of Buy and an average price target of $129.33.

Insperity Stock Down 0.1 %

Shares of NYSE:NSP traded down $0.06 during midday trading on Friday, hitting $109.34. The stock had a trading volume of 120,591 shares, compared to its average volume of 202,158. The business’s 50-day simple moving average is $100.21 and its 200-day simple moving average is $99.18. Insperity has a 12 month low of $83.94 and a 12 month high of $129.32. The company has a market cap of $4.19 billion, a P/E ratio of 30.20, a PEG ratio of 1.89 and a beta of 1.34. The company has a quick ratio of 1.11, a current ratio of 1.13 and a debt-to-equity ratio of 10.51.

Insperity (NYSE:NSPGet Rating) last posted its earnings results on Monday, August 1st. The business services provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.17. The company 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 revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. On average, sell-side analysts forecast that Insperity will post 3.89 earnings per share for the current fiscal year.

Insperity Increases Dividend

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

Insider Buying and Selling at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 23,918 shares of Insperity stock in a transaction dated 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 transaction, the chief executive officer now owns 596,667 shares in the company, valued at $65,883,970.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Paul J. Sarvadi sold 23,918 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $110.42, for a total transaction of $2,641,025.56. Following the sale, the chief executive officer now directly owns 596,667 shares in the company, valued at $65,883,970.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 sale, the director now owns 9,041 shares in the company, valued at $987,186.79. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

Hedge Funds Weigh In On Insperity

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its holdings in Insperity by 129.9% during the first 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 bought a new position in Insperity in the 1st quarter valued at $13,112,000. Invesco Ltd. grew its stake in Insperity by 51.6% in the 1st quarter. Invesco Ltd. now owns 138,515 shares of the business services provider’s stock valued at $13,910,000 after purchasing an additional 47,122 shares during the period. Goldman Sachs Group Inc. grew its stake in Insperity by 28.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 138,020 shares of the business services provider’s stock valued at $13,860,000 after purchasing an additional 30,502 shares during the period. Finally, State Street Corp grew its stake in Insperity by 1.9% in the 1st quarter. State Street Corp now owns 1,116,500 shares of the business services provider’s stock valued at $112,119,000 after purchasing an additional 20,543 shares during the period. 88.08% of the stock is owned by institutional investors and hedge funds.

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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